I just set up my own company in the UK. For operating my business, I have a general question: are verbal contracts legally binding? Do I have to have contracts in writing?

According to UK law, except certain types such as property purchase, tenancy agreements, transfers of shares, etc., most contracts in verbal can be legally binding. However, it is strongly recommended that contracts are made in writing to unequivocally outline the terms and conditions of the contracts, to minimise misunderstandings or disputes and to protect yourself from breach or liability.

For expert legal advice on contracts, you can reach us on 020 7928 0276 or email to info@lisaslaw.co.uk for any questions you may have.