“We are terribly at the end of this agreement because we are opening up the entire Western Philippine Sea to the Chinese fishing fleet. It`s just a flaw,” Carpio said. Just like the aunt in our imaginary scenario, you`re probably better off documenting a written agreement. Something as simple as a promised note, detailing the nephew`s promise to repay his aunt, could have avoided any quarrel over their agreement. Finally, it is less difficult to ask family members for a written loan than to bring them to justice. To win the case, the aunt must prove with evidence that her nephew lent the money with the intention of repaying it, while the nephew must prove that he did not accept. Without the documentation of the agreement, it will be a matter of er-she-said. In the end, it is a judge who decides which case is most likely of the party. Contractual terms must not be presented in a vague, incomplete or erroneous manner. In other words, there should be an agreement on who the contracting parties are, on each party`s obligations, on the price to be paid and on the purpose of the contract. The conditions between aunt and nephew are very clear; the aunt lends $200 to the nephew for the purchase of a new tire (and nothing else) provided he reseals her 200 dollars at some point (for example. B when he receives his next cheque). Here too, a written appearance or any form of documentation is not part of a valid contract.

As long as an agreement meets the three elements mentioned above, there is a valid contract, whether or not it is a written agreement. Duterte revealed that such an agreement had been reached to clarify an earlier controversial statement that China could not be deterred from fishing in the Philippine EEZ. Dear PAO, my friend and I had a verbal agreement for the renovation of his home in Mandaluyong City. We decided that I would cover all the costs and all the materials of the construction, so my friend will only reimburse me for the renovation costs.