MLchartDataset catalogue

Bilateral

Term · Law · MLC-T-LAW-000715

Relating to an agreement or relationship involving two parties, where each party undertakes obligations and receives benefits from the other. A bilateral contract, for instance, involves reciprocal promises between two parties. This contrasts with a unilateral contract, where only one party makes a promise in exchange for an act.

Table 1. Record
IdentifierMLC-T-LAW-000715
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000715",
  "term": "Bilateral",
  "field": "Law",
  "definition": "Relating to an agreement or relationship involving two parties, where each party undertakes obligations and receives benefits from the other. A bilateral contract, for instance, involves reciprocal promises between two parties. This contrasts with a unilateral contract, where only one party makes a promise in exchange for an act.",
  "url": "https://mlchart.com/terminology/law/bilateral/"
}

Record 515 of 5,445 in Law terminology (MLC-0107). Request the full dataset.