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)
“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)