Verbal agreements are legally binding when it comes to business. This means that if two parties have verbally promised something to each other, this promise can be enforced in a court of law just like any other contract. It’s important to remember that verbal agreements are only valid if both parties agree to the terms. In addition, the agreement must be made in good faith and meet all legal requirements. Even if the conversation is not written down or recorded, it can still be considered legally binding if there are witnesses who can confirm that the agreement was made. To ensure that your verbal agreements are legally binding, you should take the time to document them clearly and make sure that everyone involved understands the arrangement.