CONTRACTS

Contracts



Contracts

There are many types of contracts in the world of business. Bilateral contracts and unilateral contracts are two of them, each type with its special form and rules.

Unilateral contract agreement is that breeds of wills only obligations and rights to a party to another. The classic example is the grant contract, in which a person agrees to deliver to another's property or right of property without receiving anything in return. There are, however, many other cases of unilateral contracts such as a loan or bailment. It is commonly understood that the cause of such contracts is the generosity of the ...