<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R8NPkydcpHTaxlbO73SJZMd">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R7NuHbXZluNRzq9D1bLM716"/>
  <rdfs:label>Explicit Agreement</rdfs:label>
  <skos:altLabel>An Explicit Agreement is a contract or agreement where the terms and conditions are clearly stated and agreed upon by all parties involved, leaving no room for ambiguity. This type of agreement can be either oral or written, provided the terms are clearly articulated and mutually understood.</skos:altLabel>
  <skos:altLabel>Clearly Defined Contract</skos:altLabel>
  <skos:altLabel>Direct Agreement</skos:altLabel>
  <skos:altLabel>Express Agreement</skos:altLabel>
  <skos:altLabel>Openly Stated Agreement</skos:altLabel>
</owl:Class>