Synallagmatic Contract

Legal Definition and Related Resources of Synallagmatic contract

Meaning of Synallagmatic contract

In the civil law. A bilateral or reciprocal contract, in which the parties expressly enter into muSYNCOPARE tual engagements, each binding himself to the other. Such are the contracts of sale, hiring, etc. Pothier Obi. part 1, c. 1, sect. 1, art 2. Civil Code of Lotiis. Art. 1758.

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This definition of Synallagmatic Contract is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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English Legal System: Synallagmatic Contract

In the context of the English law, A Dictionary of Law provides the following legal concept of Synallagmatic Contract : (bilateral contract, synallagmatic contract)

A contract that creates mutual obligations, i.e. both parties undertake to do, or refrain from doing, something in exchange for the other party’s undertaking. The majority of contracts are bilateral in nature.

Compare unilateral contract.

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