Bilateral Contract
From Open Risk Manual
Revision as of 11:34, 26 October 2020 by Wiki admin (talk | contribs) (Created page with "== Definition == A '''Bilateral Contract''' is a legal Contract between two parties that contains promises by both parties to fulfill certain specified obligations. The tw...")
Definition
A Bilateral Contract is a legal Contract between two parties that contains promises by both parties to fulfill certain specified obligations. The two parties entering into a contract are termed counterparties. Bilateral contracting forms the basis of many Financial Products
