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Implied Contract: Definition, Example, Types, and Rules

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Implied Contract: Definition, Example, Types, and Rules

An implied contract is a legally-binding obligation that arises from the actions, conduct, or circumstances of one or more parties in an agreement. It has the same legal force as an express contract, but no written or verbal confirmation is necessary. Implied contracts can be implied-in-fact or implied-in-law, with the former being easier to ...

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