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Unilateral Contract Meaning In Bengali
Unilateral Contract শব্দের বাংলা অর্থ কি: একতরফা চুক্তি
Unilateral Contract
একতরফা চুক্তি
Definition
1) In legal terms, a unilateral contract is an agreement in which one party makes a promise in exchange for the specific action or performance of the other party. The party making the promise is obligated to fulfill their part of the agreement once the other party has performed their specified action.
2) A unilateral contract is a type of contract where one party makes a promise that is only enforceable once the other party has completed a specific action or task. This differs from a bilateral contract where both parties make promises to each other simultaneously.
3) In business and contract law, a unilateral contract is often used in situations where one party seeks to incentivize a specific action or behavior from another party. The promise made by one party is contingent upon the other party completing the required action, creating a binding agreement once the action is performed.
Examples
Unilateral Contract Example in a sentence
1) Sarah promised to pay $100 to Jack if he finds her lost dog, creating a unilateral contract.
2) The reward poster constitutes a unilateral contract by offering payment in exchange for information.
3) John accepted the offer by completing the task, thus forming a unilateral contract.
4) A unilateral contract is formed when one party promises to perform a certain action in exchange for a specific act by the other party.
5) The company's advertisement for a cash prize for solving a puzzle is an example of a unilateral contract.
6) A unilateral contract becomes binding when the specified act is completed.
7) The court ruled in favor of the plaintiff, finding that a valid unilateral contract had been established.
8) In a unilateral contract, only one party is bound by the promise made.
9) A unilateral contract may be revoked before the specified act is completed.
10) The terms of a unilateral contract must be clear and definite for it to be enforceable.
Synonyms
Unilateral Contract - (SYNONYM) একতরফা চুক্তি
Encyclopedia
In legal terms, a unilateral contract is an agreement in which one party makes a promise in exchange for the specific action or performance of the other party. The party making the promise is obligated to fulfill their part of the agreement once the other party has performed their specified action.
A unilateral contract is a type of contract where one party makes a promise that is only enforceable once the other party has completed a specific action or task. This differs from a bilateral contract where both parties make promises to each other simultaneously.
In business and contract law, a unilateral contract is often used in situations where one party seeks to incentivize a specific action or behavior from another party. The promise made by one party is contingent upon the other party completing the required action, creating a binding agreement once the action is performed.
