UNILATERAL CONTRACT
(noun)Definitions
There is 1 meaning of the phrase
Unilateral Contract.
Unilateral Contract - as a noun
A one-sided agreement whereby you promise to do (or refrain from doing) something in return for a performance (not a promise)
Example Sentences
"An example of a unilateral contract is when a company offers a reward for finding a lost item."
"A unilateral contract is formed when one party promises to donate money to a charity in exchange for a completed challenge."
"The advertisement offered a unilateral contract to anyone who could successfully solve the puzzle."
"In a unilateral contract, the offeror is bound to the agreement if the offeree completes the specified task."
"A unilateral contract is often used in contests where participants have to fulfill certain requirements to win a prize."
