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unilateral contract

undertaking

 

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Overview

bilateral contract


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A contract that creates mutual obligations, i.e. both parties undertake to do, or refrain from doing, something in exchange for the other party's undertaking. The majority of contracts are bilateral in nature. Compare unilateral contract.

Subjects: Law

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Reference entries
bilateral contract
in A Dictionary of Law Enforcement Length: 39 words
bilateral contract
in A Dictionary of Law (7) Length: 39 words
bilateral contract
in A Dictionary of Business and Management (5) Length: 37 words

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