LAW CHEK Legal Form Books: What is an express contract?

This is not a substitute for legal advice. An attorney must be consulted.

"This work is protected under the copyright laws of the United States. No reproduction, use, or disclosure of this work shall be permitted without the prior express written authorization of the copyright owner. Copyright © 1994 - 2015 by LAWCHEK, LTD."

BACK TO MENU

What is an express contract?

An Express Contract is a contract where the intention of the parties and the terms and conditions of the agreement are declared or "expressed" by the parties, at the time the parties form the contract. An Express Contract may be made either in writing or may be made orally. It is possible for a third party to consummate the contract, such as in a real estate transaction when certain conditions are dependent upon the happening of another event.

In an Express Contract, the parties specifically have declared the terms and conditions. This has been done either orally or in writing at the time the contract has been made. Generally, such contracts are in two categories, one being under seal such as specialty, and the other by parol. A parol contract is an oral contract as distinguished from a written or formal contract.

BACK TO MENU

This is not a substitute for legal advice. An attorney must be consulted.