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Meaning of implicit contract
A contract that is implied by the actions or circumstances of the parties involved, rather than being explicitly stated.
Etymology of implicit contract
The term "implicit contract" comes from the Latin words "implicare," meaning "to fold in" or "to imply," and "contractus," meaning "a drawing together" or "an agreement."
The concept of implicit contracts has been recognized in law and business for centuries, with the idea that certain agreements can be implied by the actions or circumstances of the parties involved.
Synonyms
implied contract
unspoken agreement
tacit understanding
unwritten agreement
unexpressed agreement
silent contract
implied agreement
understood agreement
mutual understanding
implicit understanding
implicit agreement
unspoken contract
implied promise
tacit contract
implicit pledge
unexpressed promise
silent agreement
implied obligation
implicit obligation
understood contract
implicit commitment
unspoken pledge
implied undertaking
tacit undertaking
implicit guarantee
unexpressed guarantee
silent undertaking
implied assurance
tacit assurance
implicit warranty
unspoken warranty
Definitions
- A contract that is implied by the actions or circumstances of the parties involved, rather than being explicitly stated.
- * An agreement that is understood or inferred, rather than being directly expressed.
Usage Examples
- The company's actions implied an implicit contract to provide ongoing support to its customers.
- * The employee's continued work for the company implied an implicit contract of employment.
- * The parties' behavior implied an implicit contract to share the costs and risks of the project.
Antonyms
explicit contract
express contract
written contract
verbal contract
stated agreement
expressed agreement
explicit agreement
written agreement
formal contract
formal agreement
stated contract
expressed contract
verbal agreement
open contract
obvious contract
clear contract
direct contract
explicit understanding
express understanding