Dear Reader, does a "Verbal Contract" in a retail partnership have time limits applied to it, example, in the United States a person is not allowed to enter into a "Verbal contract" agreement if that verbal agreement is to last more than twelve months. Moreover, "Verbal contracts" cannot exceed the value of approximately one or two thousand dollars in America. Does anyone know whether or not such "Verbal Partnership" agreements have similar time restrictions or other restrictions here in Tasmania or Australia as a common sense measure toward minimizing the potential for unfounded litigations? I would highly appreciate any responses. Regards, Donald
