A contract is a voluntary arrangement between two or more parties that is
enforceable at law as .... Less common are unilateral contracts in which one party
makes a promise, but the other side does ...
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 a contract created by an offer than can only be accepted
by performance. A unilateral contract can be formed by an express offer stating ...
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
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 ...
There are two types of contracts: a unilateral contract and a bilateral contract. The
essential difference between the two is in the parties....
A larger, more complex example of a unilateral contract is an insurance policy.
The insurance company promises to pay a certain amount of money to the ...
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 ...