bilateral contract

Depending on the production capacity of the company, a major part of the outstanding volume is acquired, or sold via long-term bilateral contracts.

It can be contrasted with a bilateral contract, where there is an exchange of promises between two parties.

Under contract law, in a bilateral contract two or more parties owe obligations to each other.

Neal and Matt formed a bilateral contract.

Rational individuals trade through bilateral contracts on open markets until the costs of transactions mean that using corporations to produce things is more cost-effective.

The theory behind mergers is that transaction costs can be reduced compared to operating on an open market through bilateral contracts.

One reason why businesses may be motivated to merge is in order to reduce the transaction costs of negotiating bilateral contracts.

The result of business mediation is typically a bilateral contract.

This understanding was part of a bilateral contract made between the king and the people.

Part of the solution has been the bilateral contracts that we have had between governments and health services.