In Texas, many verbal agreements are indeed legally binding, provided they meet specific legal requirements such as mutual consideration and specificity. A party may seek to modify an offer, known as a counteroffer, but ultimately an offer must be accepted as is.Learn what makes contracts legally binding in Texas, including key elements, Statute of Frauds rules, and how to protect your business agreements. Under Texas law, a breach of contract occurs when a party to a contract fails to perform an act that it has expressly or impliedly promised to perform. In general, the acceptance must correspond to the terms of the offer. Otherwise, the acceptance is interpreted as a rejection or counteroffer. A verbal agreement can be legally binding in Texas if it is valid and does not require written documentation. Wondering whether you have a valid breach of contract claim in Texas? This article from Wood Edwards will help you understand the basics.