Bi Word Means An Agreement On Both Sides

Each sales contract is an example of a bilateral contract. A car buyer can pay the seller a certain amount of money in return for the title of the car. The seller agrees to provide the title of the vehicle against the stated sale amount. If one of the parties does not comply with the contract, a breach of contract has occurred. Bilateral compensation is the result of bilateral trade and payment agreements with some 30 non-communist trading partners. From a legal point of view, this second part is not required, in a unilateral treaty, to actually accomplish the task and cannot argue as an offence, because it does not do so. If it is a bilateral treaty, both parties would have a legal obligation. In other words, both parties participate in general negotiations, but may also recognize the need for a separate treaty that is relevant only to their common interests. Bilateral compensation is the result of bilateral trade and payment agreements with some 30 non-communist trading partners. These examples are automatically selected from different online sources of information to reflect the current use of the word “multipart.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. Because the prefix means bi- in Latin, bilateral essentially means “two sides.” In the days when there were two superpowers, the United States and the Soviet Union regularly conducted bilateral arms negotiations; Such negotiations are now much rarer.

Sometimes bilateral refers to two sides of the same thing. For example, a bilateral hip replacement replaces both hip bones in the same operation. And bilateral symmetry (a term often used by biologists) refers to the fact that in many organisms (such as humans), the left side is basically a reflection of the right side. Since the prefix means bi- in Latin means “two,” bilateral essentially means “two sides.” In the days when there were two superpowers, the United States and the Soviet Union regularly conducted bilateral arms negotiations; Such negotiations are now much less frequent. Sometimes bilateral refers to two sides of the same thing. A bilateral hip replacement, for example, replaces both hip bones in the same operation. And bilateral symmetry (a term often used by biologists) refers to the fact that in many organisms (such as humans), the left side is basically a reflection of the right side. The bilateral treaty is the most common type of binding agreement. Each party is both an obligated person (a person bound to another) to its own promise and an obligated person (a person to whom another is bound or bound) to the promise of the other party.