Verbal Agreements: Your Rights

Questioner

We accidentally entered into a b2b agreement verbally. via the business. are we really bound by it? Is there no cooling-off period? or are they required to send a contract afterwards? or send the general terms and conditions in advance?

Lawyer

An oral agreement is legally valid and you are in principle bound by it, but it is difficult to prove. In principle, there is no cooling-off period, although this may be determined between entrepreneurs in the general terms and conditions that are usually made known to the parties before the purchase. It is also customary and certainly sensible but not mandatory that a contract is sent afterwards to confirm the agreements made once again. For more information or further assistance, please feel free to contact me directly.