Tacit agreement, also known as implied agreement, refers to an agreement or understanding between two or more parties that is not communicated explicitly but is implied through their actions or behavior.
In simpler terms, tacit agreement is an agreement that is reached without the parties involved explicitly discussing the terms and conditions. It is often an unspoken mutual understanding between the parties.
Examples of Tacit Agreement
A great example of tacit agreement is when you go to a restaurant and sit at a table. You haven’t explicitly agreed to pay for the meal, but by sitting down and ordering food, you are implying that you will pay for it.
Another example is when you sign up for a service or subscription online. Typically, there is a checkbox that you need to tick to confirm that you have read and agree to the terms and conditions. By ticking the box, you are implying that you have read and agree to the terms and conditions, even if you haven’t read them fully.
Benefits of Tacit Agreement
Tacit agreement can be beneficial in many situations. It allows parties to come to an agreement quickly and without extensive discussion. This can be especially useful in business relationships where time is of the essence.
Furthermore, tacit agreement can also help to prevent misunderstandings and disputes. When parties act in a certain way that implies agreement, it is less likely that they will dispute the terms of the agreement later.
However, it is important to note that tacit agreement may not provide the same level of legal protection as explicit agreements.
Conclusion
In conclusion, tacit agreement is an agreement or understanding between parties that is reached without explicit communication. While it can be beneficial in certain situations, it is essential to understand that it may not provide the same level of legal protection as explicit agreements. As always, it is important to be clear in communication and to ensure that all parties fully understand the terms and conditions of any agreement.