Bilateral and Unilateral Contracts



Bilateral and Unilateral Contracts

Introduction

This paper intends to discuss business law in relation with different types of contracts. The focus of this paper will be around bilateral and unilateral contracts. The advantages of both the contract types will be discussed from the viewpoint of all the parties involved in the contract. The purpose of this paper is to analyze which type of contract is more commonly used in businesses.

Discussion

Today's business operations are impossible to conduct without having proper contracts with the related and associated parties. A bilateral contract refers to a contract where all the parties are ...