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Simple English definitions for legal terms

bilateral contract

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A quick definition of bilateral contract:

A bilateral contract is when two people or groups make promises to each other. Each person is responsible for keeping their own promise and making sure the other person keeps theirs. This is different from a unilateral contract, where only one person makes a promise. Examples of bilateral contracts include buying and selling things, getting a job, renting a place to live, and getting a warranty for a product.

A more thorough explanation:

A bilateral contract is a type of contract where both parties make promises to perform certain actions. Each party is both an obligor (someone who is obligated to do something) and an obligee (someone who is owed something) in the contract. This is different from a unilateral contract, where only one party makes a promise.

  • A sales contract: The buyer promises to pay the price, and the seller promises to deliver the goods. Both parties are obligated to fulfill their promises.
  • An employment contract: The employer promises to pay the employee a certain salary, and the employee promises to perform certain duties. Both parties are obligated to fulfill their promises.
  • A lease agreement: The landlord promises to provide a rental property, and the tenant promises to pay rent. Both parties are obligated to fulfill their promises.
  • A warranty: The manufacturer promises to repair or replace a product if it fails within a certain period of time, and the buyer promises to use the product according to the manufacturer's instructions. Both parties are obligated to fulfill their promises.

These examples illustrate the concept of a bilateral contract because in each case, both parties are making promises that are contingent upon the other party fulfilling their own promise. If one party fails to fulfill their promise, the other party may have legal recourse to enforce the contract.

bilateral | bilateral divorce

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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