A one-sided contract wherein one party makes a promise so as to induce a second party to do something. The second party is not legally bound to perform; however, if the second party does comply, the first party is obligated to keep the promise.
Related information about unilateral contract:
- Unilateral contract - Legal Dictionary - The Free Dictionary
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.
- unilateral contract - The Free Dictionary
Noun, 1. unilateral contract - a one-sided agreement whereby you promise to do ( or refrain from doing) something in return for a performance (not a promise) ...
- Unilateral Contract | LII / Legal Information Institute
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 ...
- Unilateral Contract Definition | Investopedia
In a unilateral contract, one party pays the other party to perform a certain duty. If the duty is fulfilled, the party on the other side of the contract is obligated to ...
- Contract - Wikipedia, the free encyclopedia
The case of Carlill v Carbolic Smoke Ball Company is an example of a 'unilateral contract'. The term unilateral contract is used in contract law although ultimately ...
- What is unilateral contract? definition and meaning
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 ...
- Contract Law Tutorial | lawschoolhelp.com
A unilateral contract is one in which the offeror is bargaining for a completed performance. For example an offer of a reward to catch a fugitive (or a fish) is an ...
- Unilateral Contract: Definition from Answers.com
Unilateral Contract Legal agreement in which only one of the two parties makes legally enforceable promises.