3 Terms
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Contracts
Contracts of all sorts.
Industry: Law; Real estate
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Contracts
Implied contract
Law; Contracts
A legally enforceable agreement that arises from conduct, from assumed intentions, from some relationship among the immediate parties, or from the application of the legal principle of equity. For ...
Implied contract of employment
Law; Contracts
Agreement inferred from an employer's policy or training manual, or other official document. If, for example, a contract of employment agreement does not specify the conditions under which employment ...
Implied trust
Law; Contracts
Trust that arises from the un-expressed and presumed intentions (inferred from a trustor's conduct, language, or relationships), or is enforced by a court as a result of surrounding circumstances. ...
Implied term
Law; Contracts
Provision in a contract that is not directly stated in written or spoken words but is introduced into the contract (1) by the courts as necessary to give effect to the obvious intentions of the ...
Implicit contract
Law; Contracts
Nonbinding commitment, such as an employer's offer of continuity of employment, wages, and working conditions in the expectation of the employee being sincere in his or her duties and in not looking ...
Implied notice
Law; Contracts
Cognizance of facts inferred from the knowledge a party is known to have, or would have if it had followed-up on the facts known to it.
Implied indemnity
Law; Contracts
Obligation to indemnify a party arising not from the words of a contract but from its circumstances.
