/pəˈrəʊl ˈkɒntrækt/ – Phrase
Definition: hợp đồng miệng.
A more throughout explanation: A parol contract is an agreement made orally or in writing, rather than being formalized in a written document. It is a contract that is not required to be in writing to be legally enforceable, but its terms may be more difficult to prove in court compared to a written contract.
Example: The parol contract between the two parties was found to be unenforceable due to lack of written documentation.