Legal Question in Business Law in Illinois

Re: Verbal agreement with contractor

a verbal contract is binding. unless he disclosed the terms of the price being contingent on certain conditions which subsequently changed he can not alter the price.

Re: Verbal agreement with contractor

No, you are not libel for a unilateral change in your agreement, without more. If you can prove your agreement, that's what you owe. If you can't, or in the alternative, you can argue "quantum meruit", which is Latin for the actual value of the work. It would take other contractors' testimony to establish the value.

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