Common Contracts
1 similar Letter Agreement contracts
Gentlemen' s agreement templateLetter Agreement • April 5th, 2023
If you want to do business with a gentleman (or lady), why on earth would you rely on their word? The question must be “why take a chance?” At its best, a gentlemen’s agreement (realistically this is a verbal agreement) is as enforceable (or unenforceable) as any other verbal contract. Much will depend on trying to establish exactly what the terms of the agreement are and these could be contained in a letter, a series of letters, an e-mail or exchange of e-mails, or even scribbled on a napkin during a meal “the traditional back of envelope” document. Whilst it may be possible to establish some of the terms of an agreement, it will at best be cumbersome and time consuming putting together all the various documents. There is also a substantial risk that some points may be missed out altogether.
