implicit contracts are employment contracts that stipulate workers' wages for a specific period of time, usually 1 to 3 years.

Name: implicit contracts are employment contracts that stipulate workers' wages for a specific period of time, usually 1 to 3 years.
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Implicit contracts are not formal written agreements but rather understandings or expectations between employers and employees regarding job security, working conditions, or wages, without a specified time frame.

Implicit Contracts Are Employment Contracts That Stipulate Workers' Wages for a Specific