Bilateral Agreement
/ˌbaɪˈlætərəl əˈɡriːmənt/
Definitions
- (n.) A legally binding contract between two parties or states outlining mutual rights and obligations.
The two countries signed a bilateral agreement to enhance trade cooperation.
Forms
- bilateral agreements
Related terms
See also
Commentary
Typically used in international law and commercial dealings, bilateral agreements emphasize reciprocity and mutual benefit between precisely two parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.