Unilateral contracts involve only one party, the person or entity offering the contract, or offeror, who is obligated to fulfill a promise once the contract recipient, or offeree, completes a specified task or act.
Unlike bilateral contracts, unilateral contracts don’t obligate the offeree to complete the task or accept the offer. Unilateral contracts can be revoked before performance begins, emphasizing the importance of communication between the offeror and offeree.
