By offering high quality, competitively priced canoes, Indian River Canoes has become one of the nation's largest producers of fiberglass canoes, producing over 100,000 since 1966. Our lightweight canoes can be moved by one or two people. Our canoes are available in a wide variety of colors and sizes, one just right for you. Square back models are perfect for motor mounting and you can now get outboard engines that weigh less than 20 lbs. for under $600!
Definition of Unilateral Contract: Contract in which only one party is required to do something. Explanation of Unilateral Contract: A unilateral contract is an agreement in which one party performs a specific act, typically in exchange for money. Unlike a bilateral contract, a unilateral contract only contains a promisor. For example, in a nonexclusive real estate listing, an agent does not enter into an agreement with a seller unless he or she finds an appropriate buyer first.
A real estate sales contract is a bilateral (two-way) agreement. The seller agrees to sell, and the buyer agrees to buy. Compare this with an option; an option is a unilateral (one-way) agreement in that the seller is obligated to sell, but the buyer is not obligated to buy--it is his option to do so.