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A line weaved down the block, and smokers secured verbal contracts for reëntry before stepping out.
However, this requirement of certainty is where verbal contracts invariable encounter difficulties when a dispute between the parties has arisen, since those terms are very difficult to ascertain.
Fedorov told me that whenever he asked for a contract to formalize his compensation Guryev deflected the request by saying, "You don't trust me or something?" (Two other employees told me that PhosAgro, in its early days, established compensation almost entirely by verbal contracts).
As Samuels identifies, the problem with industries in which contractual obligations (including verbal contracts) cannot be enforced by the courts is that they inevitably drift into exploitation and unethical business practices, a natural product of state legalization that is contradicted by federal enforcement of national anti-marijuana laws.
"I had just verbal contracts.
For foreigners unused to how Chinese business culture works, the world of formal business banquets, fuelled by baijiu alcohol and pervasiveness of verbal contracts can be startling and confusing at first.
Similar(47)
"It's a verbal contract.
Blatter and Platini have said they believed their verbal contract was legal under Swiss law.
It was dangerous, a verbal contract sometimes taken out on one writer by another.
The verbal contract required set words or patterns of words to be spoken.
Both Blatter and Platini have said they believed their verbal contract was legal under Swiss law.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com