bilateral agreement

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Related to bilateral contract: quasi contract, unilateral contract, executed contract

bilateral agreement

An agreement between 2 parties, in particular a contractual quid pro quo arrangement.

Example
Bilateral agreements may exist between the US and a foreign country NIDCD—grant applications from institutions in these countries that have been recommended for approval by the scientific review group are given special funding consideration by Council.
References in periodicals archive ?
Besides, these generating companies' (gencos) need to deliver on their bilateral contracts for which they are being paid.
MBC has also proposed for the establishment of policy on the treatment of wholesale aggregators executing Power Supply Agreements (PSAs) with distribution utilities; utilize a combination of market- and cost-based methods as a means of determining reasonable price levels for bilateral contracts of distribution utilities accompanied by the issuance of bidding rules, to widen supplier choices available to distribution utilities; reference the 4% threshold level of DOE Circular DC2013-12-0029 to offered capacity, in this connection, the "must offer rule" should be maintained; and diligently monitor anti-competitive behaviour and take action accordingly.
Along with these, the development of competitive market contracts and transition plans from the current long-term power purchasing agreement (PPA) regime to a bilateral contract model will also be a key element in the roadmap.
CTBCM provides a competitive wholesale electricity market with bilateral contracts as its main focus for electricity trading.
Broxburn has no debt financing and benefits from a bespoke bilateral contract with National Grid Electricity Transmission plc to provide dynamic, two-way grid balancing services.
The bilateral contract entered into between parties therefore forms the crux of the issue.
But the bilateral contract was based on a price for the natural gas which was way below market levels.
The carriage contract is a bilateral contract, that is a contract where parties mutually undertake obligations towards each other, and their obligations are interdependent, so that each one is both a debtor and a creditor.
However, considering the large number of variables and the high volatility level of electricity spot prices and the bilateral contract prices, it is necessary to formulate methods to solve this supply problem minimizing the total supply cost and the risk associated, seeking better cost management and generating value for the company.
A financial brokerage agreement is a bilateral contract binding to its parties, and it does not require a specific form to be valid.
Was a series of letters exchanged between the parties a binding bilateral contract or was there merely an offer of an unilateral contract that could be withdrawn at any time prior to performance?
As a result, it was found out that not only finding bilateral contract and arranging international meetings occupy a lot of time and they require full time working hours but also there are different kinds of problems and worries in terms of the students who attempt to participate in LLP of Education faculty in Sinop.
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