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express contract

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.

express contract n. a contract in which all elements of a contract are specifically stated (offer, acceptance, consideration), and the terms are stated, as compared to an "implied" contract in which the existence of the contract is assumed by the circumstances. (See: contract, implied contract)



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Byline: DENISE ROBSON THE failure of the National Express contract to run the East Coast main line railway at the agreed price was inevitable.
Vance sued on an implied contract theory, as there was no direct express contract (oral or written) between Sellers and purchaser's broker.
The court held, inter alia, that absent an express contract providing otherwise, Colorado law presumes the employment relationship to be terminable at will by either party without liability.
 
 
 
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