An implied contract is made if two or more parties have no contract, however, the law creates an obligation in the interest of fairness based on the parties’ behavior or conditions. There are two types of implied contracts: contracts that are contracts which are implied at-law and indicated in-fact. A written contract is not always essential to create an enforceable contract between parties although it is almost always a fantastic idea to place all contracts in writing.« Back to Glossary Index
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