In a unilateral contract, a party must provide services (and not just promise that it is a service) for the contract to be binding. For example, the optionor (seller) promises, in the case of an option to keep a given offer to sell open for a certain period of time, in exchange for the completion of a share by the optionaire (buyer); That is, the actual payment (not just the promise of payment) of the option money. When the option is exercised, a bilateral purchase and sale contract is drawn up in accordance with the conditions described in the option. A contract in which each party promises to perform an act in exchange for the other party`s promise of performance. A unilateral treaty is a treaty in which only one party is responsible for what the document promises. An exclusive buyer`s contract requires the buyer to pay the agent, whether the agent finds the buyer the home the buyer is buying or not.
September 24, 2021
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