Unilateral Contract definition

Unilateral Contract. Because a unilateral contract requires acceptance by some action on the part of the offeree, acceptance is usually evidenced by the action; and, therefore, notification is unnecessary -- unless the offeror has specifically requested notification or has no means to determine whether the requested act(s) has/ have been performed.
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Examples of Unilateral Contract in a sentence

  • Unilateral Contract personnel A contract modification executed only by.

  • Right to Unilateral Contract Termination the Consumer has the right to unilaterally terminate the contract within a period of 14 days without stating reasons.

  • Unilateral Contract A unilateral or one-sided contract is one in which only one party has to fulfil his obligation at the time of the formation of the contract, the other party having fulfilled his obligation at the time of the contract or before the contract comes into existence.

  • The major types of contract are as under: Void Contract Voidable Contract Valid Contract Unilateral Contract Bilateral Contract Express Contract Tacit Contract Contingent Contract Implied Contract Executed Contract Executory Contract Quasi Contract etc.

Related to Unilateral Contract

  • Project Contract means any Contract, excluding this Agreement and, as and when executed, the Ancillary Agreements [reserved], to which Seller is a party, or by which Seller or any of the Project Assets is bound, that relates to or has the primary purpose of supporting the Work or the Project, including, for the avoidance of doubt, any Contract pursuant to which Seller or any of its Affiliates is granted a real property or other interest in the Project Site (in whole or in part) or is licensed or granted the right to use, or holds or possesses, any Project Intellectual Property Rights.

  • Original Contract means the initial contract or price agreement solicited and awarded during a cooperative procurement by an administering contracting agency.

  • Customer Contract means the terms and conditions that Customer accepts to receive access to and use the applicable Offering.

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management and TO Contractor dated December 19, 2005.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;