What is the meaning of Bilateral contract?

Bilateral contract is a legal agreement in which both parties promise to give each other something. A purchase agreement in which the buyer promises to give money and the seller promises to transfer property is a bilateral contract.

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APABarry Goldsmith. (2010). bilateral contract. Retrieved September 27, 2026, from http://smartdefine.org/bilateral_contract/definitions/1148619
ChicagoBarry Goldsmith. 2010. "bilateral contract" http://smartdefine.org/bilateral_contract/definitions/1148619 (accessed September 27, 2026).
HarvardBarry Goldsmith 2010, bilateral contract, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/bilateral_contract/definitions/1148619>.
MLABarry Goldsmith. "bilateral contract" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/bilateral_contract/definitions/1148619>
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