The different types of contract are express contract, implied contract, unilateral contract, and bilateral contract.
<u>An implied contract is an agreement created between the parties involved and based on their actions</u>. An implied contract distinguishes from an express contract in that <u>an implied contract is not a written nor a spoken contract</u>. In other words, the terms of an implied contract are not declared orally nor in writing. Moreover, there are two forms of implied contracts: implied-in-fact contracts, which creates obligations between the parties, and implied-in-law contracts, in which the law imposes upon a person the responsibility to comply with the contract until its end.
