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This week, the focus is on implied terms in contracts, contrasting with last week's discussion on express terms, which are clearly stated. Implied terms are integrated into contracts without being explicitly mentioned or written. Understanding how terms can be implied is crucial, as contracts are not isolated documents but part of a broader relationship between the parties involved. This context is particularly vital in commercial sectors, where industry-specific practices can influence contract interpretation. To fully grasp the contract's meaning, one must consider these contextual elements.
