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unilateral contract

   Also found in: Legal, Financial 0.01 sec.
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Noun1.unilateral contract - a one-sided agreement whereby you promise to do (or refrain from doing) something in return for a performance (not a promise)unilateral contract - a one-sided agreement whereby you promise to do (or refrain from doing) something in return for a performance (not a promise)
agreement, understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"
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The commission also observed that it was a unilateral contract executed by the client, giving authority to the lawyer to appear and represent the matter on his behalf without any specific assurance or undertaking.
Questioning the law by Money Today (New Delhi, India)
An option is a unilateral contract, which means that all rights to buy or not buy the property belong to the option purchaser.
Real Estate Coaching for Big Profits with Little Money and Risks by Minh Pham / Real estate industry community
Some of the rationales for precluding a taxpayer from arguing against the form of a transaction include: * The opportunity to plan the transaction so that the taxpayer controls the contractual form chosen; * Avoiding unjust enrichment of one of the parties due to unilateral contract modification; * Predictability of tax results; and * Avoiding whipsaw of the government (where both parties end up with the tax benefits in separate litigation).
Limitations on taxpayers' ability to disavow tax consequences of ... by Keenan, John; Lagun, Julia / The Tax Adviser
 
 
 
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