What is the meaning of bilateral contract?

noun

  • A contract involving mutual promises (each party is both promisor and promisee. ).
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). bilateral contract. Retrieved September 26, 2026, from http://smartdefine.org/bilateral_contract/definitions/1216663
ChicagoWordNet. 2010. "bilateral contract" http://smartdefine.org/bilateral_contract/definitions/1216663 (accessed September 26, 2026).
HarvardWordNet 2010, bilateral contract, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/bilateral_contract/definitions/1216663>.
MLAWordNet. "bilateral contract" 23 October 2010. Web. 26 September 2026. <http://smartdefine.org/bilateral_contract/definitions/1216663>
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