implied contract

Contract created by actions but not necessarily written or spoken. See also Statute of Frauds.

Created by actions but not necessarily written or spoken. See also Statute of Frauds.
Example: Abel posts a for-sale sign on his property that says, "See Your Broker." Davis submits an offer through her Broker and buys the property. Abel refuses to pay the broker, who then goes to court contending that the sign created an implied contract.

A contract not evidenced by explicit agreement of the parties but inferred by the law from the acts and circumstances surrounding the transactions.

A contract assumed to have been drawn in spite of there being no written record nor any actual verbal agreement. An implied contract exists when a veterinarian examines and treats an animal. It is implied that the veterinarian will do his/her best and that the client will pay the fee charged.