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 vanity of men, a constant insult to women, is also the ground for the implicit feminine claim of superior sensitivity and morality.”
    —Patricia Meyer Spacks (b. 1929)

    “A good businessman never makes a contract unless he’s sure he can carry it through, yet every fool on earth is perfectly willing to sign a marriage contract without considering whether he can live up to it or not.”
    —Dalton Trumbo (1905–1976)