Located on the Illinois River, Peru lies 3 miles west of the confluence of two major interstate highways: Interstate 39 and Interstate 80. The city is also the Western terminus of the historic Illinois and Michigan Canal.
express contract. Contract whose terms are clearly spelled out, usually in writing. Opposite of implied contract. Use 'express contract' in a Sentence. You need to make sure that you have a good express contract any time that you are making a quick deal. With the temperamental actor we thought it best to have a concise and express contract.
Types of Agreements. A âcontractâ is a legally binding agreement between two or more parties obligating parties to do. or not to do a particular thing. A contract may be verbal or written, formal or informal, general or. detailed. A contract can also be labeled under various names (agreement, contract, purchase. order, terms and conditions, letter of intent, authorization to proceed, award, grant etc.).