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:

    A piece of advice always contains an implicit threat, just as a threat always contains an implicit piece of advice.
    José Bergamín (1895–1983)

    Any intelligent woman who reads the marriage contract and then goes into it, deserves all the consequences.
    Isadora Duncan (1878–1927)