What is implied in a contract?

In Mississippi, implied contracts are promises made and understood, even though the terms have not been written down or explicitly stated. Generally, an implied contract is an agreement made between two parties based on their behavior, not on an expressed contract. For example, two parties enter into an oral agreement without a written contract, but still expect certain things from each other. Implied contracts are generally based on the understanding that both parties will fulfill the obligations outlined in the agreement. They may also include implied promises and conditions that were not expressed. For instance, a buyer may be led to believe a product comes with certain warranties or guarantees when they purchase it. Or someone may assume that a job they take includes a certain amount of job security. These implied promises may not have been explicitly stated, but the two parties are still expected to abide by them. Contracts in Mississippi must also adhere to certain rules of law in order for them to be legally binding. To be legally binding, both parties must agree to the same terms as clearly defined through their behavior or expressed terms. An implied contract also needs consideration, meaning something of value was given in return for a promise. Without this element, an implied contract is not legally binding. An implied contract is an important concept in Mississippi contract law. It helps to ensure that parties are held responsible for the promises they made, even if those promises were never explicitly stated. This type of contract also helps to protect both parties involved in the agreement.

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