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Implied Contract
A contract formed by the actions, behaviors, or circumstances of the parties involved, rather than by written or spoken agreement.
Promissory Estoppel
A legal principle preventing a party from retracting a promise made, when the other party has reasonably relied on that promise to their detriment.
Express Contract
An agreement with terms explicitly stated by the parties involved, either orally or in writing.
Contract Status
The current legal state or condition of a contract, including whether it is active, pending, or terminated.
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