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Implied Contract Meaning in Gujarati
Contracts are essential in every business transaction. They define the terms and conditions, obligations, and expectations of both parties. However, not all agreements are explicit or in writing. Sometimes, they are implied.
Implied contracts are legally binding agreements that are understood by the actions, behaviors, and circumstances of both parties. They do not have a written agreement or a verbal promise but are still enforceable in court.
In Gujarati, an implied contract is known as અંતરાર્થી કાયદો (Antararthi Kayado). It is a legal term that defines a situation where both parties have an agreement, but it is not explicitly stated.
For example, a person may go to a restaurant and order food without discussing the price. The restaurant serves the food, and the person eats it. By doing so, the person has implicitly agreed to pay for the food at a reasonable price. This is an example of an implied contract.
In another example, a company may hire an employee without an employment contract. The company pays the employee a salary, and the employee performs the job duties. Both parties have an agreement, even though there is no written or verbal contract.
Implied contracts can be binding, just like written or verbal contracts. However, the terms and conditions may be unclear, and disputes may arise. It is essential to clarify the terms and conditions of an agreement to avoid misunderstandings and disagreements.
In conclusion, an implied contract is a legally binding agreement that is understood by the actions, behaviors, and circumstances of both parties. In Gujarati, it is known as અંતરાર્થી કાયદો (Antararthi Kayado). Although it may not be explicitly stated, it is enforceable in court. It is essential to clarify the terms and conditions of an agreement to avoid misunderstandings and disputes.