contract, unilateral


contract, unilateral
n.
A contract in which one party promises to do something in exchange for performance by the other party.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • unilateral contract — see contract Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. unilateral contract …   Law dictionary

  • unilateral — uni·lat·er·al /ˌyü nə la tə rəl/ adj 1: done or undertaken by one party a unilateral mistake as to the terms 2: of, relating to, or affecting one side of a subject 3: containing a promise to perform made by only one party esp. because the other… …   Law dictionary

  • unilateral contract — ➔ contract1 * * * unilateral contract UK US noun [C] LAW ► a formal agreement in which only one of the people or groups involved agrees to do something → Compare BILATERAL CONTRACT(Cf. ↑bilateral contract) …   Financial and business terms

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

  • unilateral contract — unilateral and bilateral contracts A unilateral contract is one in which one party makes an express engagement or undertakes a performance, without receiving in return any express engagement or promise of performance from the other. Bilateral (or …   Black's law dictionary

  • unilateral contract — unilateral and bilateral contracts A unilateral contract is one in which one party makes an express engagement or undertakes a performance, without receiving in return any express engagement or promise of performance from the other. Bilateral (or …   Black's law dictionary

  • unilateral and bilateral contracts — A unilateral contract is one in which one party makes an express engagement or undertakes a performance, without receiving in return any express engagement or promise of performance from the other. Bilateral (or reciprocal) contracts are those by …   Black's law dictionary

  • unilateral and bilateral contracts — A unilateral contract is one in which one party makes an express engagement or undertakes a performance, without receiving in return any express engagement or promise of performance from the other. Bilateral (or reciprocal) contracts are those by …   Black's law dictionary


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