Terms may be implied into a contract simply by virtue of being customarily used by the contracting parties or their trade.

Question

Quizplus · Accepted Answer

This is known as an implied term by custom or trade usage. It means that certain terms may be automatically included in a contract because they are commonly used and understood within a particular industry or trade, even if they are not explicitly stated in the contract itself.

Terms May Be Implied into a Contract Simply by Virtue