Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Implied Contract”

  • Implied Contract

    A contract not created or evidenced by an explicit agreement of the parties, but inferred, as a matter of reason and justice, from the parties’ act or conduct. Implied contracts are sometimes divided into two categories 1. Those implied in fact and 2. Those implied in law. Often referred to as “quasi-contracts.” (Black's Law Dictionary, 1990)

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