Implied Contract Terms

As an entrepreneur or business owner, you will often need to negotiate contracts to do business with other parties. Such documents will be filled with express terms that describe the duties and obligations of your company and the parties that you will engage with. There will also be implied contract terms. These are terms that are assumed to be included in the contract but that are not expressly stated in it.

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Michigan Businesses Using Non-Compete Agreements

Employees can create the potential for litigation by violating their signed agreements (e.g. non-compete agreements) and businesses can also miss an opportunity to protect themselves by failing to draft a legal and binding document. Contracts and agreements are a way for predicting the future. 

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