What is another word for bilateral contract?
Pronunciation: [ba͡ɪlˈatəɹə͡l kˈɒntɹakt] (IPA) 
A bilateral contract is an agreement between two parties in which both agree to perform their obligations outlined in the contract. Synonyms for bilateral contract include a mutually binding agreement, a two-way contract, a reciprocal agreement, and a two-sided agreement. These terms are often interchangeable with each other and describe the same concept of mutual exchange of obligations between two parties. Other synonyms for bilateral contract may include a double-sided contract, an interdependent agreement, an equal exchange contract, or a two-party contract. It is essential to understand and use these synonyms appropriately to avoid confusion and effectively communicate the terms and conditions of the bilateral contract.
