What kind of contract has major terms implied by the parties' conduct?

An implied contract is formed through the actions or conduct of the parties involved rather than through explicit verbal or written agreements. This type of contract arises when the behaviors or circumstances suggest that an agreement exists, even if the specific terms are not clearly articulated.

For instance, if two parties frequently engage in a business transaction over time, their continued actions can imply terms of the agreement, such as pricing or service expectations, despite no formal contract being established. The key characteristic of an implied contract is that the intentions and agreements of the parties can be inferred by their conduct, demonstrating a mutual understanding of the terms through their actions.

In contrast, expressed contracts are verbally or written explicitly stated, written contracts are documented agreements, and oral contracts are spoken agreements made without written documentation. These types of contracts rely on clear, direct statements of agreement rather than the nuances of behavior that characterize implied contracts.