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Simply put- A unilateral contract can be modified or changed by one party and a bi-lateral must be agred upon and accepted by both contractual parties involved.

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Is a listing contract unilateral or bilateral?

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What is unilateral promise?

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How can misrepresentation affect a valid contract?

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What is a bilateral contract?

A bilateral contract is a contract which requires agreement and performance from both parties to the contract. Most of what we think of as contracts are bilateral in nature. One party promises to do X and the other party promises to do Y. Bilateral contracts may not require negotiation but often this is a component. In contrast a unilateral contract occurs where one party makes an offer and the other party may accept by performance rather than by offering something in return. If you offer $5 to the first person who will bring you a hotdog, a unilateral contract is formed when someone performs the condition and provides you with a hotdog. If on the other hand Person A responds to you unilateral offer that he will agree to bring you a hotdog for $5 a bilateral contract is formed if you agree to accept his offer/counteroffer.


A contract that is formed when a student enrolls in a college or university a bilateral or a unilateral contract?

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Can you still have kids after a Unilateral salpingo oophorectomy?

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