Express Agreement Def: Understanding the Meaning of Express Agreements
In the world of contract law, an express agreement is a binding agreement between two parties that is clearly stated in writing or verbally. It is an agreement where both parties agree to the terms and conditions set forth in the contract. In this article, we will discuss the definition of an express agreement and how it differs from an implied agreement.
Defining Express Agreements
An express agreement is a contract that is explicitly agreed upon by both parties. It is a legally binding agreement between two parties that is drafted and signed in writing or agreed upon verbally. This type of agreement outlines the terms and conditions of the contract. The terms and conditions may include the price, duration, payment terms, warranties, and other obligations of both parties.
For example, if a person is buying a car from a dealership, they will be given an express agreement by the dealership. The agreement will outline the terms and conditions of the sale and the responsibilities of both parties. The buyer will agree to the terms and sign the contract before taking possession of the car.
Distinguishing Express Agreements from Implied Agreements
An implied agreement is a contract that is inferred by the actions of the parties involved. The terms and conditions of the contract are not explicitly stated but are implied by the parties` actions. For example, if a person goes to a restaurant and orders food, this is an implied agreement that they will pay for the food they have ordered. There is no written or verbal contract, but the expectation is that the person will pay for the food they consumed.
On the other hand, an express agreement is a contract that is explicitly agreed upon by both parties. The terms and conditions are in writing or verbally agreed upon by both parties. An express agreement provides more clarity and certainty than an implied agreement.
Conclusion
In conclusion, an express agreement is a legally binding contract between two parties that outlines the terms and conditions of the agreement. It is a clear agreement that is explicitly agreed upon by both parties. It is different from an implied agreement, which is inferred by the parties` actions. When entering into any agreement, it is important to understand the terms and conditions and to have them in writing to avoid misunderstandings or disputes.
