A unilateral contract is a legally binding agreement where one party makes a promise that can only be accepted when someone else completes a specific action. Unlike the typical contract where both sides exchange promises, only the person making the offer takes on an obligation.
Houston Chronicle: What Is the Difference Between a Bilateral Offer & a Unilateral Offer in Business?
In a unilateral contract, only one party is obligated. One party is making an offer and no one is obligated to take them up on it. For example, if a company offers a coupon for a certain percent off, ...
What Is the Difference Between a Bilateral Offer & a Unilateral Offer in Business?
The meaning of UNILATERAL is done or undertaken by one person or party. How to use unilateral in a sentence. Did you know?
UNILATERAL definition: 1. involving only one group or country: 2. involving only one group or country: 3. done…. Learn more.
UNILATERAL definition: relating to, occurring on, or involving one side only. See examples of unilateral used in a sentence.
Definition of unilateral adjective from the Oxford Advanced Learner's Dictionary. (of an action or decision) done by or affecting only one person, group or country involved in a situation without the agreement of the others. They were forced to take unilateral action.
A unilateral decision or action is taken by only one of the groups, organizations, or countries that are involved in a particular situation, without the agreement of the others.
Define unilateral. unilateral synonyms, unilateral pronunciation, unilateral translation, English dictionary definition of unilateral. adj. 1. Of, on, relating to, involving, or affecting only one side: "a unilateral advantage in defense" .