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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

illegal contract

Law; Contracts

Contract whose formation, object, or performance is so iniquitous, against the law of the land, or contrary to public policy, that no court will entertain or enforce it. ...

illusory promise

Law; Contracts

A statement which appears to be formed into a legal contract but includes the option for the person making a promise to have no actual obligation to perform as stated. The ...

implicit contract

Law; Contracts

Nonbinding commitment, such as an employer's offer of continuity of employment, wages, and working conditions in the expectation of the employee being sincere in his or her duties ...

implied contract

Law; Contracts

A legally enforceable agreement that arises from conduct, from assumed intentions, from some relationship among the immediate parties, or from the application of the legal ...

implied contract of employment

Law; Contracts

Agreement inferred from an employer's policy or training manual, or other official document. If, for example, a contract of employment agreement does not specify the conditions ...