what is an implied contract 
an implied contract is a legally binding obligation that derives from the actions conduct or circumstances of one or more parties in an agreement it has the same legal force as an express contract which is a contract that is voluntarily entered into and agreed on verbally or in writing by two or more parties the implied contract on the other hand is assumed to exist but no written or verbal confirmation is necessary understanding implied contractsthe principles underlying an implied contract are that no person should receive unjust benefits at the expense of another person and a written or verbal agreement is not needed to get fair play for example the implied warranty is a type of implied contract 