examples of implicit agreement
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Implicit contracts usually develop over time and represent trust between parties. For example, it has been suggested that Coca Cola has an implicit contract with its consumers not to alter the formulation of its standard cola product.
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- Implicit contracts usually develop over time and represent trust between parties. For example, it has been suggested that Coca Cola has an implicit contract with its consumers not to alter the formulation of its standard cola product.
- In economics, implicit contracts refer to voluntary and self-enforcing long term agreements made between two parties regarding the future exchange of goods or services. ... An implicit contract can be an explicitly written document or a tacit agreement (some people call the former an "explicit contract").
- The definition of implied is something that was hinted at or suggested, but not directly stated. When a person looks at his watch and yawns multiple times as you are talking, this is an example of a situation where boredom is implied.
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