The 8 Parts of a LAWFUL CONTRACTMay 18th, 2013
FiledMay 18th, 2013A contract is an agreement entered into voluntarily by two or more parties with the intention of creating a legal obligation. An express contract is one whose terms are specifically stated, either orally or in writing. An implied contract is one where the terms are inferred, in whole or in part, from conduct or circumstances rather than from written or spoken words. The only legal difference between an implied contract and an express contract is the way that mutual assent is given.