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)

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