oboloo

oboloo Glossary

Implied At Law Contract

oboloo Glossary

Implied At Law Contract

Implied At Law Contract Definition

An implied at law contract is a contract that is not expressly written or verbally agreed upon, but is still legally binding. This type of contract typically arises when two parties have a business relationship and there is an understanding between them that certain terms and conditions apply. For example, if you purchase goods from a store, it is implied that you will pay for those goods. An implied at law contract can also be created through the actions of the parties involved. For instance, if you hire someone to do work for you, it is implied that they will perform the job to the best of their ability and that you will pay them for their services.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971