CirTran Corporation (CIRX)

[MFlores]

"The reason oral contracts and verbal agreements are often looked warily upon is that they tend to present difficulties when it comes to enforcement. Contracts that are clearly written and executed are easier to present as evidence in court than the testimony of the contractual parties. It is also challenging to dispel contract defects when they are not in writing. When oral contracts are taken to court, there is always a risk of one of the parties lying about the terms of the agreement. In some cases, all parties may choose to be dishonest about the terms of the contract and thus create a legal impasse for the courts."

The Law Dictiionary