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• 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 — ➔ 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

• Unilateral contract — Unilateral U ni*lat er*al, a. [Uni + lateral: cf. F. unilat[ e]ral.] 1. Being on one side only; affecting but one side; one sided. [1913 Webster] 2. (Biol.) Pertaining to one side; one sided; as, a unilateral raceme, in which the flowers grow… …   The Collaborative International Dictionary of English

• Unilateral Contract — 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 …   Investment dictionary

• unilateral contract — A contract in which one party (the promisor) undertakes to do or refrain from doing something if the other party (the promisee) does or refrains from doing something, but the promisee does not undertake to do or refrain from doing that thing. An… …   Big dictionary of business and management

• unilateral contract — contract which places an obligation on only one side …   English contemporary dictionary

• unilateral contract — A contract in which there is it promise on one side only, the consideration therefor being an act or something other than another promise. 17 Am J2d Contr § 5. The term unilateral has also been used to describe what is sometimes denominated a… …   Ballentine's law dictionary

• unilateral contract — noun An agreement in which an offerors offer can be accepted only by the performance of an act by the offeree; a promise for a performance …   Wiktionary

• unilateral contract — noun a one sided agreement whereby you promise to do (or refrain from doing) something in return for a performance (not a promise) • Hypernyms: ↑agreement, ↑understanding …   Useful english dictionary

• executed unilateral contract — An offer fully performed in accordance with the conditions of the offer, including a limitation of time. Bethlehem Silk Co. v Commissioner (CA3) 124 F2d 649. An offer accepted by part performance to the extent that the offer can not be revoked or …   Ballentine's law dictionary