Contract Advent Calendar - Day 4 - What is a Bilateral Contract?

Day 4 – Bilateral Contract:

Definition: A contract where both parties exchange mutual promises to perform certain obligations.

Example: A service contract where a carpenter agrees to build a wooden Christmas display for a homeowner and the homeowner agrees to pay for the work.

Case law: Dunlop Pneumatic Tyre Co Ltd v Selfridge & Co Ltd [1915][1]

[1] Dunlop Pneumatic Tyre Co Ltd v Selfridge & Co Ltd [1915] AC 847

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We have offices in London, Birmingham, Cambridge, Oxford (all by appointment only), Leicester and our administrative office is in Market Harborough, Leicestershire.

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Summerfield Browne Solicitors

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Summerfield Browne Solicitors is the trading name of Summerfield Browne Limited a private limited company registered in England and Wales under number 07937576 with registered address at 10 Peacock Lane, Leicester, Leicestershire, LE1 5PX. Summerfield Browne Limited is authorised and regulated by the Solicitors Regulation Authority - SRA number: 598802. A list of directors is open to inspection at the registered address.