Jul 06 , 2016

Tampa School of Real Estate

Unilateral Contract

Definition:   an agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party

Pronunciation:   \ˌyü-ni-ˈla-tə-rəl\ \ˈkän-ˌtrakt\

Used in a Sentence:   A unilateral contract obligates only one party to an agreement.

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