Vermont § 201 - § 2A—201.

§ 201. § 2A—201.

• Statute of frauds (1) A lease contract is not enforceable by way of action or defense unless: (a) the total payments to be made under the lease contract, excluding payments for options
  to renew or buy, are less than $1,000; or (b) there is a record, signed by the party against whom enforcement is sought or by that
  party’s authorized agent, sufficient to indicate that a lease contract has been made
  between the parties and to describe the goods leased and the lease term. (2) Any description of leased goods or of the lease term is sufficient and satisfies subsection
  (1)(b) of this section, whether or not it is specific, if it reasonably identifies
  what is described. (3) A record is not insufficient because it omits or incorrectly states a term agreed
  upon, but the lease contract is not enforceable under subsection (1)(b) of this section
  beyond the lease term and the quantity of goods shown in the record. (4) A lease contract that does not satisfy the requirements of subsection (1) of this
  section, but which is valid in other respects, is enforceable: (a) if the goods are to be specially manufactured or obtained for the lessee and are not
  suitable for lease or sale to others in the ordinary course of the lessor’s business,
  and the lessor, before notice of repudiation is received and under circumstances that
  reasonably indicate that the goods are for the lessee, has made either a substantial
  beginning of their manufacture or commitments for their procurement; (b) if the party against whom enforcement is sought admits in that party’s pleading, testimony
  or otherwise in court that a lease contract was made, but the lease contract is not
  enforceable under this provision beyond the quantity of goods admitted; or (c) with respect to goods that have been received and accepted by the lessee. (5) The lease term under a lease contract referred to in subsection (4) of this section
  is: (a) if there is a record signed by the party against whom enforcement is sought or by
  that party’s authorized agent specifying the lease term, the term so specified; (b) if the party against whom enforcement is sought admits in that party’s pleading, testimony,
  or otherwise in court a lease term, the term so admitted; or (c) a reasonable lease term. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995; amended 2025, No. 17, § 3, eff. July 1, 2025.)