Bilateral Contract means any Currency Protection Agreement or Interest Rate Protection Agreement.
Bilateral Contract means a Non Green Bilateral Contract Nomination” Nomination submitted by the VIPP Supplier to the Settlement System Administrator pursuant to the Trading and Settlement Code;
Bilateral Contract means a contract of financial settlement between two parties for a transaction in the wholesale electricity market;
Examples of Bilateral Contract in a sentence
The ECVAA shall submit to BSCCo each month such data concerning Metered Volume Fixed Reallocations, Metered Volume Percentage Reallocations and Account Bilateral Contract Volumes as BSCCo requires to enable it to make the calculations required under Section D.
The ECVAA aggregates valid ECVNs and MVRNs to determine the Account Bilateral Contract Volume for each Party’s Energy Account.
See “Part 5.3: Submission of Physical Bilateral Contract Data” for more information on this process.
Higher global coal prices in 2017 pulled up fuel component of Bilateral Contract Quantity (BCQ) pricing.
D.06-6-066, Appendix 1 - Section VII- Bilateral Contract Terms and Conditions (Electric).
More Definitions of Bilateral Contract
Bilateral Contract means a unit contingent contract (i.e. a contract tied specifically to the Power of the Facility) to be entered into between Marketer and a third party to sell a specifically determined or determinable portion of the Power.
Bilateral Contract means an agreement between two parties for the sale
Bilateral Contract. A contract entered into by way of exchange of promises of the parties; a “promises for a promise.” Consideration: Something of legal value given in exchange for a promise. Executed Contract: A contract that has been fully performed on both sides; a completed contract. Executory Contract: A contract that has not yet been fully completed or performed.
Bilateral Contract reciprocal arrangement (A mows lawn for $500, B pays A $500 – A is bound by obligation to mow lawn and B to pay $500) Unilateral contract: A chooses to find lost dog for K for $500 reward (A is not bound by obligation unless they want to be) CRITICAL PERSPECTIVES Realist (Courts should focus on policy objectives to favour legal rules), Critical Legal Studies (Contract law is indeterminate, reinforces legitimacy and power holders), Contract as promise (promise alone is the basis of enforcement), Feminist approach (gender issues should be considered in critically evaluating existing legal doctrine), relational approach (contract is too discrete, hyperfocussed on formation rather than relational interests and social conditions which are better attuned to resolving contract disputes), law and economics approach (the law is incomplete without an economic perspective/inter-disciplinary hybrid given contract’s economic background), sociological approach (business people do not generally consult lawyers when planning their contractual relationships or even when a dispute arises). Companies like Telstra use standard form contracts for TOCs that often disclaim liability. AGREEMENT; OFFER AND ACCEPTANCE Authorities: PBS v Boots Cash Chemists (display is not offer, offer supported by consideration by customer); Waltons Stores v Xxxxx (Estoppel as a COA in contract); Carlill v Carbolic Smoke Ball (contracts can be made to the whole world); Aus Woolen Xxxxx v Cth (govt subsidy promise but stopped); B Seppelt v Commission for Main Roads (govt negotiates price but no willingness to be bound so even if offer made, no consensus in contract from conduct) OFFER + ACCEPTANCE = AGREEMENT SYNTHESIS AGREEMENT CERTAINTY CONSIDERATION INTENTION/ITCLR (Apply in all types of contract)
Bilateral Contract has the meaning given to that term in the Market Rules.
Bilateral Contract a contract under which both parties undertake to perform part of an obligation Source of contract law (in formation of the contract today we focus on judge made law.) Statute law • Law made by parliaments of the states, territory and Commonwealth • Referred to as Acts of parliaments/ legislation. Common law • Law developed by the courts in Australia • Referred to as common law/case law Simply Contract For a contract to be legally binding, there must be:
Bilateral Contract. A bilateral contract arises when the offeror gives her promise in exchange for the offeree’s return promise (e.g., X promises to deliver a car to Y, and Y promises to pay X an agreed price). ◼ Unilateral Contract: A unilateral contract arises when the offeree can only accept the offer by performance (e.g., X delivers a car to Y, who promises to pay X an agreed price). ◼ Once the offeree of a unilateral contract begins to perform, the offeror loses the ability to revoke her offer (e.g., if Y offered to pay X an agreed price in exchange for X delivering a car to Y, once X delivered the car, Y could not revoke her offer to pay X).