Unilateral Contract Definition | Becker

Accounting Dictionary

Unilateral Contract

A contract formed when one promise is given in exchange for performance (i.e., a promise for an act). The contract is not formed until performance is completed.

Back to Dictionary

Now Leaving Becker.com

You are leaving the Becker.com website. Once you click “continue,” you will be brought to a third-party website. Please be aware, the privacy policy may differ on the third-party website. Adtalem Global Education is not responsible for the security, contents and accuracy of any information provided on the third-party website. Note that the website may still be a third-party website even the format is similar to the Becker.com website.

Continue