
Implied-in-Fact Contract
An implied-in-fact contract is an agreement that isn't written or spoken but is understood based on actions or circumstances. For instance, if you go to a restaurant and order food, it's implied that you'll pay for the meal, even though you didn't sign anything. The agreement is formed through the interactions and behavior of the parties involved. This type of contract relies on the notion that both parties understood and accepted the terms through their conduct, even if not explicitly stated.