-
Notifications
You must be signed in to change notification settings - Fork 1
Bilateral
Anton Vasilescu edited this page May 9, 2023
·
1 revision
Bilateral means two-sided and is frequently used to refer to agreements between two countries. For example, the United States and Australia have a Bilateral trade agreement limiting tariffs or other protectionist policies between the two nations.
Additionally, the doctrine of consideration means that a contract generally must be bilateral to be enforceable.
Alternatives to bilateral include unilateral and multilateral.