×
Go back to Martindale-Avvo ➔

Vermont Contracts Legal Questions

Want a good answer? Ask a thorough question starting with "Who, What, When, How, Will I or Do I".
Then, add details. This will help you get a quicker and better answer.
Question field is required
Explanation field is required
A valid US zip code is required Validating the Zip Code.
Question type field is required
Question type field is required
1
Ask a Question
2
Details
3
Submit
1
Ask a Question
2
Submit
Fullname is required
A valid email address is required.
Receive a follow-up from lawyers after your question is answered
A valid phone number is required
Select the best time for you to receive a follow-up call from a lawyer after your question is answered. (Required field)
to
Invalid Time

*Required fields

Question
Description
By submitting your question, you understand and agree to the Terms and Conditions and Privacy Policy for use of the site. Do not include any personal information including name, email or other identifying details in your question or question details. An attorney-client relationship is not being established and you are not a prospective client of any attorney who responds to your question. No question, answer, or discussion of any kind facilitated on this site is confidential or legal advice. Questions answered are randomly selected based on general consumer interest and not all are addressed. Questions may display online and be archived by Martindale-Hubbell.
1 legal question has been posted about contracts by real users in Vermont. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include breach of contract. All topics and other states can be accessed in the dropdowns below.

Is there an expiration period to a verbal agreement to sell shares to someone else if the transfer hasn't happened?

Answered 11 years and 5 months ago by attorney Bruce Robins   |   1 Answer
It is possible that the contract to which you refer could be considered one for the sale of securities, which is a type which may need to be in writing to be enforceable.  Assuming that the oral agreement is binding, however, if there is no time specifiied for payment, the law will imply a reasonable period, which can vary depending on the type of contract and other factors.  If payment is not made within that time period, the buyer has breached a material term of the contract and you are excused from performing.  Having entered into a binding contract to sell your shares, your current desire to sell or not is irrelevant, as is the changed value of the shares (except to the extent that it is evidence of what a reasonable time period for payment would be.) ... Read More
It is possible that the contract to which you refer could be considered one for the sale of securities, which is a type which may need to be in... Read More

Helpful Resources