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LSDefine
Simple English definitions for legal terms
tacit contract
Read a random definition: mutuality of debts
A quick definition of tacit contract:
A tacit contract is an agreement between two or more parties that is not explicitly stated or written down, but is still recognized and enforceable by law. This means that even if the terms of the agreement were not formally discussed or agreed upon, the parties involved are still obligated to fulfill their responsibilities and can be held accountable if they do not. A contract can refer to the actual agreement, the written document outlining the agreement, or the legal obligations and duties resulting from the agreement.
A more thorough explanation:
A tacit contract is a type of contract that is not explicitly stated or written down, but is instead implied through the actions and behaviors of the parties involved. It is an agreement between two or more parties that creates obligations that are enforceable or otherwise recognizable at law.
For example, if you go to a restaurant and order food, there is a tacit contract between you and the restaurant that you will pay for the food you have ordered. This contract is not explicitly stated, but is instead implied through your actions of ordering and consuming the food, and the restaurant's actions of preparing and serving the food.
Another example of a tacit contract is when you hire a plumber to fix a leaky faucet in your home. There is an implied agreement between you and the plumber that they will fix the faucet and you will pay them for their services. This contract is not explicitly stated, but is instead implied through your actions of hiring the plumber and their actions of fixing the faucet.
In both of these examples, the tacit contract is created through the actions and behaviors of the parties involved, rather than through a written or explicitly stated agreement.