Difference between revisions of "Bilateral Contract"

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(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...")
 
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Latest revision as of 11:34, 26 October 2020

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


See Also