MightyRecruiterAn implied contract refers to an agreement where all parties agree to a certain action even though nothing is expressly said or written down. For example, there is an implied contract between a doctor and patient wherein the doctor will do his or her best to take care of the individual, and at the end of the appointment, the patient will pay any associated fees. One variation of an implied contract is an implied warranty. This refers to a customer purchasing a product on the assumption that it will perform its intended function. A customer buying a toaster could reasonably assume that this product will warm up bread.
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