Sometimes a man's word is NOT his bond!
And for those times when promises are broken and deals go sour, a written contract is always better than a verbal one according to solicitor Rosemary Wright.
"While oral contracts are legally binding in theory, they are much harder to prove in a court of law," she advised.
So whether it's loaning money to a friend, or buying a car from a private dealer, having the terms of your agreement in writing will save a lot of potential headaches later on.
It doesn't have to be a full blown contract; something jotted down on paper with both signatures would do, and could be used as evidence if the deal breaks down.
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