Implied terms are those terms negotiated specifically by the parties and specified in the contract.

Name: Implied terms are those terms negotiated specifically by the parties and specified in the contract.
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Implied terms are not negotiated and specified in the contract. They are terms that are not explicitly stated but are understood to be part of the agreement based on the nature of the relationship between the parties, the trade custom, and other surrounding circumstances.

Implied Terms Are Those Terms Negotiated Specifically by the Parties