A contract where each party promises performance. For example, the sale of a home is a bilateral contract; the seller promises to convey the home, and the buyer promises to pay an agreed-upon price.
Related information about bilateral contract:
- Bilateral Contract - Legal Dictionary - The Free Dictionary
An agreement formed by an exchange of a promise in which the promise of one party is consideration supporting the promise of the other party. A bilateral ...
- Bilateral Contract Definition | Investopedia
A bilateral contract is a reciprocal arrangement between two parties where each promises to perform an act in exchange for the other party's act. Each party is an ...
- Contract - Wikipedia, the free encyclopedia
A bilateral contract is an agreement in which each of the parties to the ... This is a situation in which a condition precedent is attached to a bilateral contract.
- What is bilateral contract? definition and meaning
Definition of bilateral contract: Reciprocal arrangement between two parties under which both parties promise to perform an act in exchange for the other party's ...
- What is a bilateral contract
A bilateral contract is a contract which requires agreement and performance from both parties to the contract. Most of what we think of as contracts are bilateral in ...
- What Is a Bilateral Contract?
Oct 23, 2012 ... A bilateral contract is an agreement in which two parties agree to do something at a future date or time. For a bilateral contract...
- What is BILATERAL CONTRACT? - The Law Dictionary
Definition of BILATERAL CONTRACT: A term, used originally in the civil law, but now generally adopted, denoting a contract in which both the contracting parties ...
- bilateral contract - Legal Dictionary | Law.com
bilateral contract. n. an agreement in which the parties exchange promises for each to do something in the future. "Susette Seller promises to sell her house to ...