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A contract between two parties with a mutual exchange of promises. civil law. A contract in which both the contracting parties are bound to fulfill obligations reciprocally towards each other; as a contract of sale, where one becomes bound to deliver the, thing sold, and the other to pay the price of it. Vide Contract; Synallagmatic contract. Law Dictionary - Alternative Legal … [Read more...] about BILATERAL CONTRACT

In equity pleading. A bill for the discovery of facts resting in the knowledge of the defendant or of deeds or writings or other things in his custody orpower; but seeking no relief in consequence of the discovery though it may pray for a stay of proceedings at law till the discovery is made. … [Read more...] about BILL OF DISCOVERY

When two parties to a contract are both mistaken as to an essential term of the contract, e.g. both parties assume property that has been destroyed still exists. … [Read more...] about BILATERAL MISTAKE

practice. The statement in writing, of the objection made by a party in a cause, to the decision of the court on a point of law, which, in confirmation of its accuracy, is signed and sealed by the judge, or court who made the decision. The object of the bill of exceptions is to put the question of law on record, for the information of the court of error having cognizance of … [Read more...] about BILL OF EXCEPTION

See supplemental agreement; when the parties to a contract agree to modify the agreement. … [Read more...] about BILATERAL MODIFICATION