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Civil Litigation & Debt Collection

Verbal Agreements in South Africa – When are Conversations Binding?

There are many disputes that come from contracts that were based on verbal agreements between two or more parties. Although there is no paper trail that can prove a verbal contract, verbal agreements are as legally binding as written and signed contracts.

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Cancelling an Offer to Purchase

Both the purchaser and the seller sign the agreement once the offer has been accepted. Once both parties have signed the OTP, it becomes a legally binding contract. This requires both parties to fulfil their individual responsibilities as specified in the agreement.

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Rescission of Default Judgement

Debtors often make the big mistake of ignoring summons issued against them for payment. In such a case, the creditor may ask the court for default judgement.

Default judgements remain in effect for 30 years and will result in the blacklisting of the debtor, making it almost impossible to get credit.

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