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 ?
The carrier, judging according to the rules of bilateral contracts, in the capacity of debtor of the obligation which became impossible to fulfill, bears the risks, in the sense that he loses the compensation to which he would have been entitled to if the goods had reached the destination.
The proposed model is based on the determination of prices for bilateral contracts from optimizing hydropower resources available and seeking profit maximization of the power company.
Note that when [rho] = 1, the demand is fully supplied by the bilateral contract market, on the other hand, when [rho] = 0, the demand is fully supplied by the pool market.
Doubtless wherever possible, as a matter of interpretation, a court would and should interpret an offer as contemplating a bilateral rather than a unilateral contract, since in a bilateral contract both parties are protected from a period prior to the beginning of performance on either side--that is from the making of the mutual promises.
The ESA is a renewal of their first bilateral contract that lapsed on August 25, 2014.
Notably, the contracts are subject to expected changes in capacity market rules, which currently oblige electricity consumers in Siberia to pay for the difference between the capacity auction price and the bilateral contract price (i.
PSALM assists Ippas in their bilateral contract applications with the Energy Regulatory Commission by providing them support documents used as basis for approval by the regulatory body,' the state firm added.
has secured a bilateral contract with Zamboanga del Sur Electric Cooperative, Inc.
Lubeck: In 2000, the then state-owned Flughafen Lubeck GmbH granted Ryanair a bilateral contract for using Lubeck Blankensee Airport which set lower than normal airport charges.
Respondents are advised that any award under this solicitation will be by separate bilateral contract.
In the settlement process, the ex-ante price takes reference on the megawatt-schedule less the bilateral contract quantities (BCQs); while in ex-post, it uses metered quantity minus the MW schedule.
has secured a bilateral contract with Zamboanga del Norte Electric Cooperative (Zaneco) for part of the output of the 68.
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