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Unilateral contract (view source)

Revision as of 17:15, September 28, 2007

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A unilateral contract is an agreement by which one undertakes an express performance without receiving any express promise of performance from the other. [[category:legal terms]]
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A unilateral contract is an agreement by which one undertakes an express performance without receiving any express promise of performance from the other.
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A classic example is a promise by the owner of a house to pay $1000 to a painter, who receives payment only once he has given "performance" by painting the house. [[category:legal terms]]
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