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While many managers and lawyers might claim that implicit contracts aren't worth the paper that they are not written on, most understandings between companies and

While many managers and lawyers might claim that implicit contracts "aren't worth the paper that they are not written on," most understandings between companies and their customers and employees are implicit. Why? Explain this carefully. Provide examples of implicit contracts in organizations. Why would individuals ever expect others to honor the terms of implicit contracts?

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