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 contract referred to as a confidentiality or non-disclosure agreement deals with handling proprietary information. It can be unilateral where one party is held to not disclosing the information. An example where an unilateral agreement comes into play would be an inventor who is raising capital.