Are verbal agreements legally valid? In general, verbal agreements are valid and legally enforceable. Notably, the contracting parties must have consensus and intention to contract; they must have capacity to contract (e.g. mental capacity); the agreement must be lawful. There are certain agreements that are legally unenforceable unless they have been reduced to writing, for...Read More

One of the ways in which a firm may reconfigure its operations or expand its business within a market is through a merger. A merger may be defined as the process by which two or more firms use to combine their businesses. The purpose of merging businesses may be related to growth in a specific...Read More