n. an agreement in which the parties exchange promises for each t...

An agreement where-in each party makes a promise to the other party.

Refer to Contract, Bilateral

A contract in which both parties exchange promises to perform. Compare: unilateral contract

Definition A contract where each party promises performance. For example, the sale of a home is a bilateral contract; the seller promises to convey the home, and the buyer promises to pay an agreed-up [..]

see contract

A bilateral contract is a legal document that binds both parties to perform a specific action. A property purchase contract, for example, binds the seller to transfer property to the buyer, and the bu [..]

A bilateral contract refers to contracts that require agreement and performance from both parties to the contract. Most contracts are bilateral, in the sense that one party may promise to do or not do [..]

A direct contract between a power producer and an end user outside a centralized power pool.

A contract agreement between two willing parties. In a competitive electric market, bilateral contracts would be agreements between suppliers and customers that specify the terms and conditions for pr [..]

n. an agreement in which the parties exchange promises for each to do something in the future.

A contract which involves each party in the negotiation of the terms.

An agreement between two willing parties. In a competitive electric market, bilateral contracts would be agreements between suppliers and customers that specify the terms and conditions for pricing an [..]

A direct contract between the power producer and user or broker outside of a centralized power pool.