A contract may contain both express and implied terms.
The occurrence of implied terms has theoretical basis, with different effectiveness with express terms.
Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from.
The author also consider that the implied terms of contract is not only used for interpreting the contract, but also a means of limiting the parties' free ideas.
