What is an implied-in-fact contract?
Implied-in-fact contracts rely on the actions of an individual to form a contract. Implied-in-fact contracts rely on the behaviors, actions, and apparent intentions of the parties.
Implied-in-fact contracts will likely not have a written or oral agreement. Oral or written agreements would be a characteristic of an express contract.
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What is an express contract?
Express contracts are contracts that are formed by some sort of language. Express contracts can be performed either orally or in writing (or a combination of both). So how are express contracts different from implied-in-fact contracts? Well, express contracts are different from implied contracts because the terms are defined explicitly and exactly. Express contract are also based […]