Unilateral Mistake
/ˌjuːnɪˈlætərəl mɪˈsteɪk/
Definitions
- (n.) An error made by one party to a contract about a fundamental fact, which may or may not invalidate the contract depending on circumstances.
The contract was voided due to a unilateral mistake about the property boundaries.
Forms
- unilateral mistakes
Related terms
Commentary
Unilateral mistakes generally do not void contracts unless the non-mistaken party knew or should have known of the error, highlighting the importance of good faith in negotiations.
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.