Unilateral Contract
/ˌjuːnɪˈlætərəl ˈkɒntrækt/
Definitions
- (n.) A contract in which only one party makes a promise that becomes enforceable upon the other party’s performance.
The reward offer constituted a unilateral contract, binding the promisor once the act was completed.
Forms
- unilateral contracts
Related terms
See also
Commentary
Unilateral contracts are distinguished from bilateral contracts by having a single promisor and requiring performance, not a return promise, to create enforceability.
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.