bilateral contract

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Related to Bilateral Contracts: Unilateral Contracts, Contractual agreement
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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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References in periodicals archive ?
The CSP requires DUs to hold competitive bidding for their supply requirements as against securing power deals via bilateral contracts. This is meant to ensure transparency and fair competition.
This is on account of new bilateral contracts from the additional power generated by the Masinloc, Limay, and Malita power plants, and improved plant capacity factors from the Sual and Ilijan facilities.
The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) announced electricity grid fees for producers via bilateral contracts with consumers.
Also, San Buenaventura has a power supply agreement with Meralco, which was approved by the Energy Regulatory Commission and is not among the bilateral contracts that the Supreme Court has ordered to be subjected to competitive bidding.
The participants during the event signed bilateral contracts between the Kazakh and Tajik companies.
A merchant plant has no bilateral contracts and sells its output to the wholesale electricity spot market (WESM).
PARIS -- France and China signed a multitude of bilateral contracts and MOUs to coincide with the State visit of Chinese President XI Jinping, who was received by French President Emmanuel Macron.
The regulator, Civil Aviation Authority (CAA), compares the blended price charged under the bilateral contracts and published tariff with its view of a "fair price", currently RPI minus 1.6% per year.
"This supplier would interact with producers and consumers of electricity based on bilateral contracts. Further licences are expected to be granted in the coming months.
Allocating a larger share to long-term bilateral contracts with state-owned companies will address these shortcomings and improve transparency in goods procurement.
The bilateral contracts will not be affected by any raises," he said.

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