A legally enforceable promise - between legally competent parties - to do or refrain from doing a specified, legal act or acts. In a unilateral contract, one party pays the other party to perform a certain duty. If the duty is fulfilled, the party on...
What Is a Unilateral Contract?
A contract is an agreement between two or more parties that is enforceable by the law. A unilateral contract is one in which only an offeror makes a promise in exchange for an act, or for an offeree to refrain from an act. The offeror is the person...
Unilateral Contract. A contract in which only one party makes an express promise
, or undertakes a performance without first securing a reciprocal agreement ...
Contracts are a part of taking care of business, both personally and
professionally. Unilateral and bilateral contracts are something many people deal
with on a ...
A legally enforceable promise - between legally competent parties - to do or
refrain from doing a specified, legal act or acts. In a unilateral contract, one party
A "unilateral" contract is distinguished from a "bilateral" contract, which is an
exchange of one promise for another. Example of a unilateral contract: "I will pay
A unilateral contract is a contract created by an offer than can only be accepted
by performance. A unilateral contract can be formed by an express offer stating ...
Definition of unilateral contract: Contract arising where one party (the promisor)
makes an offer to pay another party (the promisee) in return for the performance ...
Bilateral v. Unilateral contracts. Contracts may be bilateral or unilateral. The more
common of the two, a bilateral contract, is an agreement in which each of the ...
A unilateral contract is a contract where only one person makes a promise. A
unilateral contract is distinguished from a bilateral contract, where there is a