unilateral contract


Also found in: Thesaurus, Legal, Financial.
Related to unilateral contract: conditional contract, aleatory contract, Express contract
ThesaurusAntonymsRelated WordsSynonymsLegend:
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"
References in periodicals archive ?
5) The court found a unilateral contract existed and because of the company's full performance of asset recovery services, a sufficient nexus was present and therefore the commercial activity exception did apply, allowing the United States jurisdiction over the foreign state.
Confronted with the potential problems of enforceability by both parties as 'tabarru' being a unilateral contract, he said, "There is an implicit aw'ad (unilateral promise) that will be binding upon both the parties (wa'ad iltizami) which has been held to be legally binding by the OIC.
That decision continues to be cited for the principle that courts should seek to find a promissory bilateral agreement, binding on both parties, rather than an offer of a unilateral contract.
2008 ONCA 327) discusses the issue of unilateral contract changes in the employment context, and provides some guidance for employers and employees.
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.
Under the unilateral contract theory a company handbook must first meet certain requirements before it is deemed to be an enforceable unilateral contract.
htm> guidance on the use of unilateral contract modifications and procedures for use of forms for purchases made using simplified acquisition procedures.
The pilots reportedly authorised union leaders to launch a strike if the airline was given permission by a bankruptcy court to impose unilateral contract terms.
They include requests for entrance or listing fees, unilateral contract cancellations, and passing part of the operating costs onto manufacturers.
Once an employee performs in reliance on such a promise, a unilateral contract, upon which the employee has a right to collect, is created.
Full browser ?