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Bilateral Contracts vs Unilateral Contracts

Bilateral and unilateral describe how a contract is accepted. A bilateral contract exchanges promises; a unilateral offer invites acceptance by performing the requested act. Both involve more than one person—the distinction is not the headcount. What is a Bilateral Contract? …

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Escrow Definition

Often you will hear real estate agents say a home is “in escrow.” What does that mean? Is escrow a place? Is escrow even needed? Today we are going to find out all the answers! Escrow is a term used …

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Appurtenant Definition

Appurtenant means belonging to or associated with something else. An appurtenance is a related right, privilege or improvement that ordinarily passes with the property. Physical attachment is not required: an easement can be an appurtenance too. What Is Appurtenant? Definition: …

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