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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rewards as a unilateral contract formed at checkout, which conferred instant liability on the supermarket chain to its customers for the rewards they accrued.
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.
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.S.
According to Williston: Doubtless wherever possible, as a matter of interpretation, a court would and should interpret an offer as contemplating a bilateral rather than a unilateral contract, since in a bilateral contract both parties are protected from a period prior to the beginning of performance on either side--that is from the making of the mutual promises.
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.
a) in a unilateral contract, when the performance or intended restraint from acting is complete
1998) (characterizing an employee handbook as "a unilateral contract ...
Under the unilateral contract theory a company handbook must first meet certain requirements before it is deemed to be an enforceable unilateral contract.
In this capacity, the contract includes the conclusion of a framework agreement on the supply of mid-range plug-in hybrid vehicles in various designs with a 12-month price commitment and, optionally, 3 unilateral contract renewals of up to 12 months each ( 21 VgV).
Thus, the court found that the customer had entered into a unilateral contract with Giant Eagle, and the liability attached upon the customer's performance (i.e., paying for the requisite amount of purchases at checkout).
asking for a unilateral contract. The guarantor is just saying, I make no promises, but if you lend money to this person that I'm guaranteeing and that person defaults, I'll make good.

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