Examlex
Many compliance regimes require firms to adopt specific formal governance framework to drive security planning and operational management.
Implied Contract
An agreement derived from the actions or circumstances of the parties involved, rather than explicit words.
Objective Theory Of Contracts
A theory under which the intent to form a contract will be judged by outward, objective facts as interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Objective facts might include what a party said when entering into the contract, how a party acted or appeared, and the circumstances surrounding the transaction.
Express Contract
A contract in which the terms of the agreement are fully and explicitly stated in words, oral or written.
Express Contract
A legally-binding agreement in which the terms are explicitly stated by the parties involved either orally or in writing.
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