Unilateral contract
A one-sided contract by which one party makes a promise to induce a second party to do something. The second party is not legally bound to perform; if the second party does comply, however, the first party is obligated to keep the promise.
More Real Estate Definitons
Net Sales AreaGround WaterZoneHiatusWall-BearingGross AcreAccretionKickbacksClientEt ConWire GlassNet AcreX-BracingOn-Site OfficeWindbreakPadOverage IncomeOathDecorateNeighborhoodComplaintGradientDisaffirmBench MarkWainscotRaftersDemand DepositYard LumberJunk ValueGully ErosionLap SidingJuratQuayYieldRealtyBuyer’s AgentHarmoniousBuilderLandmarkEffluentWaste, Act ofBi-Level