Q One of my suppliers says we reached a deal but I don’t think we did. A While most contracts are recorded in writing, at least in part, it is possible to form a binding contract by way of a verbal conversation. That could be over the phone, via a videocall or, now that restrictions have been eased, face-to-face. SponsoredMost of the time it will be clear when negotiations have matured into a binding deal. Whether a contract has been formed will depend on what was said between you and the individual representing your supplier in that phone call.

Source: The Times August 03, 2021 10:41 UTC