Meaning & use

a unilateral contract

noun·Advancedlegallawbusiness

Last updated

UK/ə ˌjuːnɪˈlætərəl ˈkɒntrækt/
US/ə ˌjunəˈlætərəl ˈkɑntrækt/

Meaning

  1. nouncountablelegallaw

    A legally binding agreement in which one side makes a promise and the other side accepts it by doing a particular act, not by making a promise back.

    Grammar: Countable: say 'a unilateral contract' for one and 'unilateral contracts' for the type in general.

    Patterns

    • form a unilateral contract
    • a unilateral contract is created when someone does something
    • under a unilateral contract

    A reward poster is a classic example of a unilateral contract: the company promises to pay, and you accept by finding the lost dog.

    The court held that a unilateral contract was formed when the builder finished the work after the owner's promise of payment.

    In a unilateral contract, only one party makes a promise at the start.

Word forms

pluralunilateral contracts

Common combinations

form a unilateral contract
The judge said the parties had formed a unilateral contract when the work was completed.
a unilateral contract is created
A unilateral contract is created by performance, not by a signed promise.
under a unilateral contract
Under a unilateral contract, the offeror must pay once the act is done.
an offer of a unilateral contract
The advertisement was treated as an offer of a unilateral contract.

Synonyms and how they differ

one-sided agreement
This is a plain-English way to describe the same idea, but it is not a legal term and can suggest unfairness rather than the technical rule.

Opposites

Word family

unilateral adjective
Done by one side only, without the agreement of others.
unilaterally adverb
In a way that involves only one side.

Commonly confused: a unilateral contract or bilateral contract?

a unilateral contract vs bilateral contract

A bilateral contract is formed when both sides make promises to each other, while a unilateral contract is accepted by doing an act.

Practice

A company offers $500 to anyone who returns its lost laptop. This is best described as ___.

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