unilateral contract


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Related to unilateral contract: conditional contract, aleatory contract, Express contract

unilateral contract

A contract that is binding on one party but only if the other party chooses to take advantage of it.An option contract is the classic unilateral contract.A property owner (optionor) will give another party (optionee) the right to purchase property,but the optionee is not obligated to purchase if it chooses not to.

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36) The court concluded that a unilateral contract was formed based on UPGO's acknowledgement of UTICo's full performance under the May Agreement, October Agreement, and powers of attorney; thus, UPGO breached the contract by refusing to compensate UTICo.
Was a series of letters exchanged between the parties a binding bilateral contract or was there merely an offer of an unilateral contract that could be withdrawn at any time prior to performance?
The adverse impact of these unilateral contract changes on KPC's operations during the next ten years constitutes a very substantial additional claim.
Through a unilateral contract modification, the Surplus Contract's performance period has been extended through February 13, 2014.
in order to exercise its unilateral option right for triple unilateral contract renewed for a maximum of 12 more months, the client requests the contractor at least 3 months before end of the framework agreement for an opinion on whether the contract can be extended to the closed rate bonds.
Updates and consolidates text on the use of imprest funds and third-party drafts; deletes unnecessary cross-references; and relocates to PGI, guidance on the use of unilateral contract modifications and procedures for use of forms for purchases made using simplified acquisition procedures.
Federal labor laws allow unilateral contract implementation when a bargaining impasse is reached.
We are disappointed, however, that the FCC failed to address in its Further Report the fact that a la carte can only happen if the FCC or Congress takes steps to eliminate the restrictive, unilateral contract terms imposed by large programmers and the broadcast networks," said Ramlall.
However, the VSDA criticized the Copyright Office for failing to address the efforts of copyright owners to defeat first sale rights and limit consumer use of digital downloads through overly restrictive technological controls and unilateral contract terms.

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