Unilateral contract
This is the current revision of Unilateral contract as edited by EdBot (talk | contribs) at 21:12, May 8, 2008. This URL is a permanent link to this version of this page.
A unilateral contract is an agreement by which one undertakes an express performance without receiving any express promise of performance from the other.
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.
This is in contrast with a bilateral contract.