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reverse unilateral contract


definition of reverse unilateral contract:

a unilateral contract initiated by an offer from the party who is to perform the action. Compare REVERSE UNILATERAL CONTRACT to UNILATERAL CONTRACT, a contract that offers a promise in exchange for some action.

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.
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