A contract in which both of the contracting parties make promises to each other. Such a contract is formed when an offer is accepted formally by the offeree (e.g., when a supplier sends a signed acknowledgment of a purchase order to a buyer or enters into a bilaterally executed contract document with the buyer).
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A contract in which both of the contracting parties make promises to each other. Such a contract is formed when an offer is accepted formally by the offeree (e.g., when a supplier sends a signed acknowledgment of a purchase order to a buyer or enters into a bilaterally executed contract document with the buyer).
To view a list of resources available on the SIG website on this topic, click here