- implied contract
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implied contract see contract
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- implied contract
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A contract that is found to exist even when its terms are not explicitly stated because1) the parties assumed a contract existed (implied-in-fact contract), or2) denying the contract's existence would result in unjust enrichment to one of the parties (implied-in-law contract). Compare: express contractCategory: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Divorce & Family LawCategory: Employment Law & HRCategory: Patent, Copyright & TrademarkCategory: Personal Finance & Retirement → Taxes → Tax AuditsCategory: Real Estate & Rental PropertyCategory: Small Claims Court & Lawsuits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- implied contract
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A contract not created or evidenced by the explicit agreement of the parties but one inferred by law; as the use of electric power in your home implies a contract with the light company.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- implied contract
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n.an agreement which is found to exist based on the circumstances when to deny a contract would be unfair and/or result in unjust enrichment to one of the parties. An implied contract is distinguished from an "express contract."
Law dictionary. EdwART. 2013.