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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at the time of a customer's checkout resulted in a unilateral contract, and, therefore, the company's liability attached at that time.
Giant Eagle and economic performance under sec. 461(h)
Animating my proposal is a more nuanced understanding of the Contracts Clause that allows a municipality to explore unilateral contract modification of key obligations in an effort to facilitate consensual agreements with creditor constituencies.
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The First Circuit determined that there was a sufficient nexus between UPGO's acts and the United States because the offer for the unilateral contract took place in the United States and it was through the offer that UPGO engaged in commerce in the U.
Plaintiff's financial loss considered sufficient nexus for commercial activity exception of the Foreign Sovereign Immunities Act
66) As a unilateral contract might be revoked at anytime before complete performance, many courts had adopted a "promissory construction where that can be reasonably given.
Justice Rand's commercial law legacy: contracts and bankruptcy policies
Instead, OCLC has merely agreed to delay contract implementation until later this year, most likely in an attempt to let the furor die down and quietly implement the unilateral contract change in the fall.
Information business meets copyright policy
In a unilateral contract there is only one promisor and one promisee.
Chapter 24: Business law
1998) (characterizing an employee handbook as "a unilateral contract .
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Attempted Reform Through Unilateral Contract Modifications
The unfulfilled promise of an end to timber dominance on the Tongass: forest service implementation of the Tongass Timber Reform Act
On a unilateral contract, such as this one, the person who makes the offer cannot withdraw it once the party to whom the offer has been made has begun to perform.
Readjusting debt and writing contracts
The client reserves the right, However, In the sense of a unilateral contract renewal option, To extend the respective framework agreement annually by one year to max.
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rewards as a unilateral contract formed at checkout, which conferred instant liability on the supermarket chain to its customers for the rewards they accrued.
Potential expiration is not an event

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