Home of Clear-Point Law, Your Toolkit Legal World
Home    Law Dictionary    Self-Help Legal Guides    Find a Lawyer    List your Firm    Site Map  
Clear-Point Law, smart decisions begin here.

reverse unilateral contract


reverse unilateral contract, defined:

a contract where some action is given in exchange for a promise (unilateral contract) which is initiated by the party who performs the action. The novice may have a bit of trouble with this term. Things become clearer, though, by first looking at a simple example of a unilateral contract. In a unilateral contract the offer is made by the party who gives a promise in exchange for some performance. Let's say that you promise to pay the neighbor's son if he will mow your lawn. If he accepts, a unilateral contract has been formed. The reverse unilateral contract is distinguished from the unilateral contract in that the performer, not the promisor, makes the offer. Going back to our example, if the neighbor's son approaches you, offering to mow your lawn for money and you accept, a reverse unilateral contract has been formed.

reverse unilateral contract, as it might be used:

It is a reverse unilateral contract in that the applicant's acts of performance induce the insurer's promise.
CURRENT LOCATION: Home > Law Dictionary > reverse unilateral contract
Search Dictionary
 
Click to find out why our users turn to Clear-Point Law before making an important legal decision
Are you new to Clear-Point Law and need help getting started?  Click to link to our Quick-Start page.
Are you a provider of legal services?  Click to see how we can effectively connect you with our users and consumers of legal services.
Terms of Use -  About Us -  Contacts -  User Feedback -  Publish your Content on our Site -  Provide Legal Services to Our Users
 
© 2006 Legal Franca Publishing - All Rights Reserved.