An express contract is a type of agreement where the terms are clearly stated, either verbally or in writing. This means that both parties explicitly communicate their intentions and obligations, making it easy to understand what is expected from each side. For example, if someone agrees to sell their car for a specific price, that agreement is an express contract. These contracts are legally binding, meaning that if one party fails to fulfill their obligations, the other party can seek legal remedies. Common examples of express contracts include sales agreements, employment contracts, and lease agreements.