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unilateral contract

 

Definitions from WordNet

Noun unilateral contract has 1 sense
  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)
    --1 is a kind of
    agreement, understanding

Definitions from the Web

Unilateral Contract

Definition: A unilateral contract is a type of agreement in which only one party makes a legally enforceable promise, usually in exchange for an act or performance from the other party.

Sample sentences:

  1. She entered into a unilateral contract with the photographer, promising to pay him a fixed amount once the photos were delivered.
  2. In a unilateral contract, the offeror is bound by the promise only if the offeree performs the requested act.
  3. The company advertised a reward for information leading to the return of a lost laptop, thus creating a unilateral contract with anyone who could provide the necessary details.

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