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Bilateral contract
A contract in which the parties involved give mutual promises. Also called "reciprocal" contracts.
Related Terms
Change order
Breach of contract
Sales contract
Contract for deed
Contract to purchase
Cost-plus contract
Addendum
Consideration
Recission
Competent
Contingency
Contract
Anticipatory breach
Installment contract
Mediation
Buyer's remorse
Exclusive listing
Agency
Liquidated damages
Truth-in-Lending Act
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