Implicit Contract

Implicit contract may refer to either of these related concepts:

  • Implied-in-fact contract in law
  • Implicit contract theory in economics

Famous quotes containing the words implicit and/or contract:

    The true colour of life is the colour of the body, the colour of the covered red, the implicit and not explicit red of the living heart and the pulses. It is the modest colour of the unpublished blood.
    Alice Meynell (1847–1922)

    A contract for better for worse is a contract that should not be tolerated.
    George Bernard Shaw (1856–1950)