Express Agreement Meaning in English: Understanding the Legal Jargon
When entering into a legal contract, it is essential to understand the specific legal terms and phrases used. One such term that often appears in legal contracts is “express agreement.” The term has a specific legal definition that is important to understand.
In English, “express” refers to something that is clearly and explicitly stated. Therefore, an express agreement is a contract where all the terms and conditions are explicitly stated and agreed upon by both parties. It is a written agreement that spells out all the specific details of the arrangement and creates a legally binding commitment between both parties.
Express agreements are often preferred over implied agreements because they provide clarity and prevent misunderstandings between both parties. An implied agreement is an agreement that is not directly stated but is inferred from the actions and circumstances of both parties.
In an express agreement, the terms are clear, concise, and leave no room for ambiguity or misinterpretation. Both parties are aware of their obligations and responsibilities.
For example, a company may enter into an express agreement with a vendor to purchase goods. The written contract would outline the specific terms and conditions of the purchase, including the price, delivery date, and payment terms.
Express agreements can also include confidentiality agreements, non-compete agreements, and employment contracts. These agreements explicitly state the terms and conditions of the arrangement between the parties.
It is essential to note that an express agreement must be in writing to be enforceable. Verbal agreements, while legally binding, can be challenging to enforce as both parties` recollection of the terms may differ.
In conclusion, an express agreement is a legally binding contract where all terms and conditions are explicitly stated in writing. It provides clarity and prevents misunderstandings between both parties. When entering into any legal contract, it is crucial to understand the specific legal terms and phrases used to ensure that you are fully aware of your obligations and responsibilities.