Unilateral Agreement Far

an agreement to pay for performance if the potential actor decides to act. A „unilateral” treaty is different from a „bilateral” treaty, which is an exchange of one promise for another. Example of a one-sided contract: „I`ll pay you $1,000 if you take my car from Cleveland to San Francisco.” The car is accepted. The difference is usually only of academic interest. (See: Treaty, bilateral treaty, benefit, counterpart) Unilateral contracts are, in the first place, unilateral, without essential obligation of the addressee. Outstanding claims and insurance policies are two of the most common types of unilateral contracts….