Bilateral Treaty
/ˌbaɪˈlætərəl ˈtriːti/
Definitions
- (n.) A formal agreement between two sovereign states establishing mutual rights and obligations.
The bilateral treaty regulated trade tariffs between the two countries.
Forms
- bilateral treaty
- bilateral treaties
Related terms
See also
Commentary
Bilateral treaties contrast with multilateral treaties which involve more than two parties; clarity in specifying the parties ensures precise legal interpretation.
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.