reciprocal contract

reciprocal contract
n.
A bilateral contract; a contract in which each party does something for the other.

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

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Look at other dictionaries:

  • reciprocal 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

  • reciprocal 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

  • reciprocal contract — A bilateral contract, a contract in which the promise of each party forms the consideration for the promise of the other party …   Ballentine's law dictionary

  • reciprocal — re·cip·ro·cal /ri si prə kəl/ adj 1 a: mutual (2) b: bilateral a reciprocal contract 2: characterized by correspondence or equivalence es …   Law dictionary

  • reciprocal — Given or owed mutually as between two persons; interchanged. Reciprocal obligations are those due from one person to another and vice versa. See also reciprocity reciprocal contract @ reciprocal dealing arrangement As included within prohibitions …   Black's law dictionary

  • reciprocal — /rɪ sɪprək(ə)l/ adjective done by one person, company or country to another one, which does the same thing in return ● We signed a reciprocal agreement or a reciprocal contract with a Russian company …   Marketing dictionary in english

  • reciprocal — /rɪ sɪprək(ə)l/ adjective done by one person, company or country to another one, which does the same thing in return ● We signed a reciprocal agreement or a reciprocal contract with a Russian company …   Dictionary of banking and finance

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  • contract — contractee, n. contractible, adj. contractibility, contractibleness, n. contractibly, adv. n., adj., and usu. for v. 16 18, 22, 23 /kon trakt/; otherwise v. /keuhn trakt /, n. 1. an agreement between two or more parties for the doing or not doing …   Universalium

  • Contract Law of Saudi Arabia —    Contract Law of Saudi Arabia Legal System Hanbali School of Sharia Law, Sunni …   Wikipedia

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