..., No Oral Modification Clause (NOM Clause), precluding oral modifications of the contract. Irrespective of it, business persons make oral agreements modifying the contract, and later, dispute its validity. If the parties are free to contract, why should the oral agreement not be binding? In a NOM Clause...

... Consideration Implied Terms Oral Agreements Oral Contracts Medium Businesses have come to be done in writing, mostly on standard terms. This brings certainty to the contract. However, with the facility of telecommunications, businesspersons will talk business on the phone...