bilateral contract

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Related to bilateral contract: quasi contract, unilateral contract, executed contract
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Noun1.bilateral contract - a contract involving mutual promises (each party is both promisor and promisee)bilateral contract - a contract involving mutual promises (each party is both promisor and promisee)
contract - a binding agreement between two or more persons that is enforceable by law
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As a result of counterparty substitution, the bilateral contract between the original buyer and seller is irrevocably terminated.
But the bilateral contract was based on a price for the natural gas which was way below market levels.
1 million), chiefly due to the higher volume of energy purchased to meet the expansion in the bilateral contract portfolio in the free market, as well as energy purchased in the spot market.
Derivatives: A transaction is a bilateral contract or payment exchange agreement whose value depends on/derives from the value of an underlying asset, reference rate or index.
Was a series of letters exchanged between the parties a binding bilateral contract or was there merely an offer of an unilateral contract that could be withdrawn at any time prior to performance?
Cereals traders say India has held talks with Kazakhstan to secure a bilateral contract for wheat, after New Delhi was forced to import the grain in the past two years, but added that it was unclear if any deal had been signed.
Lebanese government officials on April 25, 2007, faulted delays on negative politics in Damascus and on new terms of the bilateral contract signed in Cairo earlier.
Under bilateral contract arrangements each government agency focuses on its own contract and the delivery of its own particular programme or service.
This includes bilateral contract and cash flow reconciliation.
YOU have entered into a bilateral contract so you must pay the sum agreed and they must do the work agreed.
EEI's Master Netting Agreement is also a standardized bilateral contract.
The signing of the contract will follow the successful conclusion at the end of March of negotiations between the Tokyo company and Kuwait to renew their bilateral contract.

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