1. Dealing or concerned with facts or actual occurrences; practical. 2. Philosophy Of or relating to pragmatism. 3. Linguistics Of or relating to pragmatics. 4. Relating to or being the study of cause and effect in historical or political events with emphasis on the practical lessons to be learned from them.
What is EXECUTED CONTRACT? 1. Completed signing by all parties of a contract. 2. Completed all listed contractual actions.
DEFINITION of 'Implied Contract '. A legal substitute for a contract. An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. This is a contract assumed to have been drawn. In this case, there is no written record nor any actual verbal agreement.