Implied contract is an agreement which is not reduced to writing but is created on the basis of the behavior of the parties involved. Under an implied contract, it is suggested that the parties involved are acting under an agreement. In the medical field, an implied contract exists when a veterinarian examines and treats an animal. It is implied that the veterinarian will do his/her best and that the client will pay the fee charged. Historically the veterinarian has treated animals and the owners have paid.
Investment dictionary. Academic. 2012.
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implied contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. implied contract … Law dictionary
implied contract — ➔ contract1 * * * implied contract UK US noun [C] ► LAW a legal agreement in which the details are not clearly stated: »The court said tribunals should consider the possibility of temporary workers having an implied contract of service with… … Financial and business terms
implied contract — express and implied contracts An express contract is an actual agreement of the parties, the terms of which are openly uttered or declared at the time of making it, being stated in distinct and explicit language, either orally or in writing. An… … Black's law dictionary
implied contract — contract which is deduced through the behavior of the parties involved … English contemporary dictionary
implied contract — A contract inferred from the conduct of the parties, although not expressed in words. Corriveau v Jenkins Bros. 144 Conn 383, 132 A2d 67. Implied in fact:–a real contract but one inferred from the circumstances, the conduct, acts, or relation of… … Ballentine's law dictionary
implied contract — /ɪmˈplaɪd kɒntrækt/ (say im pluyd kontrakt) noun a contract not based on express words but arising from other circumstances. Also, implied promise, implied term … Australian English dictionary
implied contract — An agreement that is judged to be in effect based on circumstances and actions rather than on the wording of the agreement. The situation arises when to deny that a contract exists would be unfair or result in unjust enrichment to one of the… … Business law dictionary
implied contract — noun 1. : a contract inferred to have been entered into by the parties to it from their conduct or from a special relationship existing between them 2. : quasi contract … Useful english dictionary
Implied Contract Terms — Items that a court will assume are intended to be included in a contract, even though they are not expressly stated. Businesspeople generally do not want to rely upon a court s interpretation of implied terms, so a good contract will often be… … Investment dictionary
implied contract of sale — A contract for the sale of goods implied from the facts and circumstances of the case creating an obligation on the part of the buyer to pay for goods received from another. Ordinarily when one person receives goods or merchandise from another,… … Ballentine's law dictionary