Implied Contract Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Implied Contract, written in plain English, along with examples of how it is used.

What is Implied Contract?

It refers to an agreement which should have been formed formally in writing,and was not formed but still stands as a contract. Such implied contracts are taken into effect by the court so as to safeguard ones payment, money or services which the other party is enjoying by unfair means. For instance is a person A gives the money to person B to give it to C, and if B does not hand it to C but enjoys the money himself, the court can hold B responsible for the breach. A will just have to prove that B was asked to hand money to C and not keep for himself.