MLchartDataset catalogue

Unilateral contract

Term · Law · MLC-T-LAW-005067

A type of contract where one party makes a promise in exchange for the performance of an act by the other party. The contract is formed only when the requested act is completed, not merely by a promise to perform. A common example is a reward offer, where the offeror promises payment for finding a lost item.

Table 1. Record
IdentifierMLC-T-LAW-005067
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005067",
  "term": "Unilateral contract",
  "field": "Law",
  "definition": "A type of contract where one party makes a promise in exchange for the performance of an act by the other party. The contract is formed only when the requested act is completed, not merely by a promise to perform. A common example is a reward offer, where the offeror promises payment for finding a lost item.",
  "url": "https://mlchart.com/terminology/law/unilateral-contract/"
}

Record 5,183 of 5,441 in Law terminology (MLC-0107). Request the full dataset.