bilateral contract
noun[C]
LAWaformalagreementbetween twopeopleorgroupsthat bothpromiseto do something for each other
Compare
unilateral contract
Examplesofbilateral contract
bilateral contract
Abilateralcontractis an agreement in which each of the parties to the contract makes a promise or set of promises to each other.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The result of business mediation is typically abilateralcontract.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A unilateral contract can be contrasted with abilateralcontract, where there is an exchange of promises between two parties.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.However, it did not enter into any conventionalbilateralcontractselling the toner cartridges to the public on a conditional sale basis.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.An over-the-counter contract is abilateralcontractin which two parties agree on how a particular trade or agreement is to be settled in the future.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Abilateralcontractis a contract of mutual promises.
From theCambridge English Corpus
Abilateralcontract, therefore, involves both self- and other-constraint.
From theCambridge English Corpus
To see this, consider any garden-varietybilateralcontract.
From theCambridge English Corpus
Indeed, abilateralcontractis a device that is capable of constraining another person precisely because it is a device that is capable of self-constraint as well.
From theCambridge English Corpus
The access agreement is abilateralcontractbetween two parties.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
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