Are Oral Contracts Valid? Yes, in most cases oral contracts are legally enforceable. However, proving their terms is extremely difficult without written documentation. Statute of Frauds Certain contracts MUST be in writing to be enforceable: real estate transactions, contracts lasting more than one year, sales of goods over $500, marriage contracts, and estate settlements. Problems with Oral Contracts Difficult to prove terms He said/she said disputes Memory fades over time Misunderstandings about details Best Practice Always get it in writing, even for small transactions. Email confirmations create paper trail if formal contracts aren't practical.