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Bilateral contract (view source)
Revision as of 17:10, September 28, 2007
, 17:10, September 28, 2007New page: A '''bilateral contract''' is an agreement consisting of mutual promises by both sides of the agreement. A classic example of a bilateral contract is a promise by the owner of a house to ...
A '''bilateral contract''' is an agreement consisting of mutual promises by both sides of the agreement. A classic example of a bilateral contract is a promise by the owner of a house to pay $1000 to a painter, who promises to paint the house for that amount.
[[category:legal terms]]
[[category:legal terms]]