Definition - What does Implied Contract mean?
Implied contract refers to a contract which is in existence because the parties involved assumed that it existed or simply because denying to the clauses or its existence may negatively affect one of the parties. It is also different from an express contract.
Justipedia explains Implied Contract
This type of contract is not usually written and the agreement is formed just by the actions of the parties. An example of an implied contract is when a veterinarian treats a pet or an animal. It is generally understood that the vet will treat the animal to the best of his ability and the owner will pay the charges.
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