Unilateral Contract 2

Definition of "Unilateral contract"

Laurie Kane
Laurie Kane RE/MAX DFW & Associates

Legal agreement in which only one of the two parties makes legally enforceable promises. An insurance contract is a unilateral contract because only the insurer has made a promise of future performance and only the insurer can be charged with breach of contract. In contrast, in a bilateral contract, both parties promise future performance.

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