I would never agree with someone using a “verbal agreement” because if you don’t have a written contract of what everyone is supposed to do, a lot of problems will arise and lawsuits might take place, but if have a signed written agreement all these problems will not exist. I have seen people doing business with verbal agreements, but they do because they have known each other for years and they know they trust each other. However, if you do that with someone you just met, then things will probably end up in a bad way. I could provide a lot of examples in which verbal agreements has worked but what all those examples have in common is: the commitment of both parts to the project (both parts have known each other for years). This is not something I would prefer. Nowadays people think in a “X” way, but tomorrow they change opinions and start thinking in a “Y” way.

Sincerely,
RP.