unilateral contract

unilateral contract
unilateral contract see contract

Merriam-Webster’s Dictionary of Law. . 1996.

unilateral contract
An agreement to pay in exchange for performance, if the potential performer chooses to act. An example would be if you promise to pay someone $1,000 if they bring your car from Cleveland to San Francisco. Bringing the car is acceptance (and performance) of the agreement. Compare: bilateral contract
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.


unilateral contract
A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party.

Dictionary from West's Encyclopedia of American Law. 2005.


unilateral contract
I
A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party.
 II An agreement by which one undertakes an express performance without receiving any express promise of performance from the other.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

unilateral contract
n.
   an agreement to pay in exchange for performance, if the potential performer chooses to act. 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 you $1,000 if you bring my car from Cleveland to San Francisco." Bringing the car is acceptance. The difference is normally only of academic interest.

Law dictionary. . 2013.

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Look at other dictionaries:

  • 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 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

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