unilateral contract


Also found in: Thesaurus, Legal, Financial, Wikipedia.
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"
Mentioned in ?
References in periodicals archive ?
In this responsibility, the order includes the conclusion of a framework agreement for the supply of plug-in hybrid vehicles of the middle class in various designs with a fixed price of 12 months and optionally 3 unilateral contract extensions for a maximum of 12 months with one company ( 21 VgV) , For details of the technique, see the Specifications - Technical Section (Part B).ady for operation on german roads, Free of charge.
    Employer Employee At-Will Employee; Promised Bonus; Unilateral Contract   Where restaurant managers, who were at-will employees, challenged their employers decision to institute a cap on the amount of bonuses that were agreed to as part of a compensation plan in an employment agreement signed by the managers, the District Court properly found that the agreements amounted to offers by the employer to enter into a unilateral contract, and the managers had begun performance, so the employer could not modify the offer terms.
We note that the Article 1171 Civil Code clearly defines the spheres of the unilateral contract and that of the bilateral contract, the legislator understanding to emphasize the preeminence of mutually interdependent characters of the obligations arising from the bilateral contracts, by stating expressly that even if the performance of the contract entails obligations for both parties, if the obligations arising from it are not mutual and interdependent, the contract is unilateral even if its execution assumes obligations on both sides.
* On appeal, the Third Circuit overturned the Tax Court's decision, based on a theory of unilateral contract and held that the taxpayer had met the all-events test and could deduct an estimate of the amount of unredeemed discounts that would be redeemed in the subsequent year.
According to Federal Acquisition Regulation subpart 43.2, a contractor requests equitable adjustment--essentially a type of proposal--in response to a unilateral contract change order, but other unplanned changes to contract terms, such as a late delivery of government furnished property (GFP) or disputes over scope, can lead the contractor to send an unexpected REA.
Animating this proposal is a more nuanced understanding of the Contracts Clause that allows a municipality to explore unilateral contract modification in an effort to facilitate consensual agreements with creditor constituencies.
(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.
"We say this because of the continuing disruption in the market, which could result in the interruption of service, or in sudden freight rate increases, or in unilateral contract terminations," advises Damas.
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. These two decisions will be discussed below.
Even if the agent says, "I'd like to read it;' the marketing rep, in an effort to expedite the process, might respond with by saying, "Well you can't make any changes." That's a unilateral contract. But agents are eager to keep their markets, and they accept company appointment contracts blindly more often than I want to imagine.
Western Inventory Service Ltd., 2008 ONCA 327) discusses the issue of unilateral contract changes in the employment context, and provides some guidance for employers and employees.

Full browser ?