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🤔 IMPLIED Contract | A Lawyer Explains!

More info: www.thesterlingfirm.com An implied contract is a legally enforceable agreement created by the actions, behavior, or circumstances of the parties involved, rather than by their written or spoken words. Unlike express contracts, where the terms are clearly stated and agreed upon verbally or in writing, implied contracts are assumed from the conduct of the parties. There are two types of implied contracts: implied-in-fact contracts, which arise from the mutual agreement and intent to promise derived from the facts and circumstances of the situation, and implied-in-law contracts, also known as quasi-contracts, which are not true contracts but are treated as such by the courts to avoid unjust enrichment of one party at the expense of another. Implied contracts are fundamental in scenarios where there is no formal agreement but where it is clear from the conduct of the parties that a mutual understanding and intention to promise exist. Understanding the nuances of implied contracts is crucial in both personal and professional contexts, as they play a significant role in shaping obligations and expectations between parties.  Subscribe Now ► https://bit.ly/thesterlingfirm ⚖️ Law Firm 24/7: +1(310)498-2750 🏛 Civil Litigation 🤕 Personal Injury 🤝 Business Law ©™️ Intellectual Property 🎬 Entertainment & Media Law * Call The Sterling Firm 🏛⚖️🧑‍⚖️ Top Rated Law Firm🥇👍 🌐 www.thesterlingfirm.com 📧 [email protected] 📲 +1(310)498-2750 * Follow Us On Social Media!   / the-sterling-firm     / thesterlingfirm     / thesterlingfirm   www.tiktok.com/@legalhelpline   / thesterlingfirm     / thesterlingfirm   * #Law #contractlaw #contract #LegalEducation #LegalInsights #lawyer #attorney #lawfirm * DISCLAIMER: This video is purely educational and is not legal advice. If you need legal advice, please contact a lawyer directly.