parol contract

noun

Definition of parol contract

1 : a contract made orally or by a writing not under seal : contract not embodied in a judgment of record

called also simple contract

2 : a contract partly or entirely oral and therefore unenforceable under the statute of frauds : contract originally under seal but modified by an agreement not under seal

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Cite this Entry

“Parol contract.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/parol%20contract. Accessed 21 Sep. 2021.

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