Corporate and Implied term: Difference between pages
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''Law.'' | |||
A provision of a contract not expressly agreed to by the parties in words but either regarded by the courts as necessary to give effect to their presumed intentions or introduced into the contract by statute. Certain implied terms cannot be excluded even by express agreement of the parties. | |||
== See also == | == See also == | ||
* [[ | * [[Contract]] | ||
Revision as of 14:19, 23 October 2012
Law. A provision of a contract not expressly agreed to by the parties in words but either regarded by the courts as necessary to give effect to their presumed intentions or introduced into the contract by statute. Certain implied terms cannot be excluded even by express agreement of the parties.
See also