What is the term for a contract with a specific name or designation?

The term for a contract with a specific name or designation is known as a "nominate contract." In legal terminology, nominate contracts are those that are explicitly recognized and defined by law, which have a designated form and function. Examples of nominate contracts include sales contracts, lease agreements, and partnership agreements. These contracts have specific characteristics and rights that are established by the law, making them distinct from other types of contracts.

In contrast, other types of contracts do not have a specific designation or legal classification. Presumptive contracts, verbal contracts, and implied contracts do not fit the definition of a nominate contract. For instance, a verbal contract refers to an agreement made through spoken communication, rather than written, and does not rely on a specific legal classification. Similarly, implied contracts arise from the actions or circumstances of the parties involved rather than being formally stipulated. Understanding this distinction is key in the practice of law and dealing with various contracts within the legal framework.