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A properly written contract, signed by both parties, is tangible evidence of an agreement that is indisputably "legally binding".

Generally, the problem with verbal agreements is that there is no evidence they exist. There is only a "he said, and he said" situation. In order to bind the other party to a verbal agreement, the moving party would need to bring an action in a court of equity and provide the judge with enough outside evidence that there was a verbal contract between the parties and the other party has breached it. Without compelling outside evidence such as witnesses, the judge cannot find that any contract existed between the parties.

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Q: In Kentucky is a verbal agreement legally binding?
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