An unwritten agreement is often referred to as an “implicit agreement.” This type of agreement is not documented in writing, but it is still binding among the parties involved.
Implicit agreements can be formed between individuals, groups, and even businesses. These agreements are often based on verbal exchanges and non-verbal cues such as body language. They can also be based on common practices or cultural norms that are widely accepted within a particular community or industry.
Implicit agreements are often used in business transactions, where parties may agree to terms without ever signing a formal contract. For example, a vendor may agree to provide a service to a client based on a verbal agreement and a handshake. In this case, both parties have implicitly agreed to the terms of the agreement, even though it is not documented in writing.
Implicit agreements can also be found in personal relationships, where couples or friends may agree to certain expectations and behaviors without ever discussing them explicitly. For example, a couple may agree to split household chores without ever discussing it directly. These types of agreements are often based on shared values, assumptions, and expectations.
One of the benefits of implicit agreements is their flexibility. They can be adjusted as circumstances change, without the need for renegotiation or formal documentation. However, implicit agreements can also be challenging, as they can be difficult to enforce if there is a dispute or misunderstanding.
In conclusion, an unwritten agreement is called an implicit agreement. This type of agreement is not documented in writing, but it is still binding among the parties involved. Implicit agreements can be based on verbal exchanges, non-verbal cues, common practices, and cultural norms. While they provide flexibility, they can also be challenging to enforce.