reciprocal contract means bilateral contract

However, the contract cannot be enforced by law unless the event takes place. Definition of Bilateral Contract. A bilateral contract is an exchange of promises. Directions:The question is based on the reasoning and arguments, or facts a. nd principles set out in the passage. A unilateral contract, however, binds only the party promising something of value (the promisor). Example: In a contract of sale, in the absence of any stipulation 1 , the . Some of these principles may not be true in the real or legal sense, yet you must conclusively assume that they are true for the purpose. Can you explain this answer? Comment * document.getElementById("comment").setAttribute( "id", "add05e47c5c12fbb70a9702f7a9bdcdf" );document.getElementById("b5c00c442c").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. Below is an example of a bilateral contract: The difference between a bilateral contract and a unilateral contract is that in a unilateral contract, formation of the . on twitter. 5. An example of data being processed may be a unique identifier stored in a cookie. That makes it distinct from a unilateral contract. Legal definition for BILATERAL CONTRACT: A contract between two parties with a mutual exchange of promises. An example of reciprocal promise can be we go to a grocery shop and order some goods here we promise to pay the price of those goods and in return, the shopkeeper promises delivery of those goods on payment . Can you explain this answer? If an offeree decides to enforce a unilateral contract, the most common defence presented by the offeror is that the contract was not . This is a contingent contract.Under Section 31 of the Indian Contract Act, 1872, contingent contracts are defined as a contract in which two or more parties enter into a contract to do or not do something, if an event which is collateral to the contract does or does not happen, then it is a contingent contract.The condition for which the contract has been entered into must be a future event, and it should be uncertain. Such an agreement is valid.Contingent contracts to do or not to do anything if a future uncertain event happens within a fixed time. Late 18th century Latin bi + lateral. The most commonly used type of contract, a bilateral contract contains a promise by each party to fulfill certain obligations to complete the deal. Please answer the question on the basis of what is stated or implied in the passage. 5 other terms for reciprocal contract- words and phrases with similar meaning. suggest new. 2. Unilateral Contract Definition. Bilateral Contracts. civil law. nd principles set out in the passage. Bilateral contracts C. Trilateral contracts D. None of above. Solved Answer of MCQ "Reciprocal" Contracts means_____? They are divided into perfect and imperfect. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free. In response to these issues, the courts generally hold that, when Sam begins the installation, the contract is converted to a bilateral contract that requires both parties to perform certain actions. reciprocal contracts . The agent renouncing the business of the agency. The insurer is not called into action until the event of the death of the insured happens. Bilateral contracts are binding agreements between at least two people or groups, with one party promising to do something for the other, as long as they also complete another action. Ask a Legal Question; . 1872 Contract Act 1872 Contract Act Judiciary And Law Mcqs Judiciary And Law Mcqs for Preparation. civil law. Parameter of Comparison Unilateral Contracts Bilateral Contracts; Meaning (Definition) Unilateral contracts are wherein only one party needs to perform an obligatory action as a promise. When consent of a party was obtained through coercion, the contract becomes voidable at the option of the party whose consent was so obtained.Q.Aman sent an email to a contractor for the building project and made an offer that if the latter completed the work within 12 months, Aman would give him 5% over and above the expected market rate. Limited depends upon principal permission. Largest Collection of Multiple Choice Question of all subjects. Jump to. bilateral contract. Both are obligatory on their promise and obligee on the other party's promise. Whereas a bilateral contract is created where both the parties mutually agree to the terms and conditions and promise to perform their obligation. Contingent contract to do or not to do anything if an uncertain event does not happen within a fixed time may be enforced by law when the fixed time has expired, and such event has not happened, or before the time fixed has expired, if it becomes certain that such event will not happen.Q.X enters into a contract with Y and promises to deliver 100 radio sets to him. antonyms. In a bilateral contract, both the parties will have something of value to offer to each other . Write your comments here: Name *: Email: Alert me 2012-2022 by GeekMCQ Technologies. To explore this concept, consider the following bilateral contract definition. The insurer is not called into action until the event of the death of the insured happens. Definition of Bilateral ContractA contract or agreement involving two or more parties, which binds all parties to reciprocal obligations. Track your progress, build streaks, highlight & save important lessons and more! Unlimited agent can do all necessary act without principal permission. Bobby did not, however, promise to find the dog. bilateral contract; More synonyms. The contract is deemed accepted when the offeree agrees to complete the requested task. While bilateral contracts are the most commonly used in the United States, unilateral contracts are found in certain cases which involve one party making a promise to another party, or to the public in general, to do or provide something. The reciprocal contract is not otherwise ruled by an agreement of an associative type, such as a common answer for a call for tender, a consortium or joint venture, etc. Parents can check the progress of the Child's very quickly. In these contracts, the promises made by both parties are yet to be fulfilled. It must be noted that the period to which contract is valid, has to be stipulated. For example, if Cindy agrees to watch neighbor Amandas children on Monday and Wednesday, and Amanda agrees to watch Cindys children on Tuesday and Thursday, a bilateral contract has been entered into, where each party offered consideration. Reciprocal laws are statutes of one state that give rights and privileges to the citizens of another state if that state extends similar privileges to the citizens of the first state. Besides giving the explanation of Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Bilateral contract. Unlimited agent can do all necessary act without principal permission. As a result, each party is an obligor on that partys own promise and an obligee on the others promise. Bilateral Contract Example. A mutual or bilateral contract .</p> Main Menu; by School; by Literature Title; by Subject; by Study Guides; Textbook Solutions Expert Tutors Earn. The reciprocal promise means promises which form the consideration or a part of it as defined under 2(f) of the Indian Contract Act, 1872. The usual real estate sales contract is an example of a bilateral contract in which the buyer and seller exchange reciprocal promises respectively . It is also void if before the time fixed, the happening of the event becomes impossible. reciprocal contract. Reciprocal obligations are duties owed by one individual to another and vice versa. An agreement that binds the parties to performance in an . The contracts can cover a range of subjects, including the sale of goods, property, vehicles, etc. nd principles set out in the passage. art. C. Both A and B. D. None of above. Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein; It is also not necessary that only the party to the contract causes the coercion. The adjective lawful implies that the offer and acceptance must satisfy the requirements of the contract act in relation thereto.Another important essential of a contract is Intention to create a legal relationship. Mcq Added by: admin. The National Accountability Ordinance 1999. D. None of above. Bilateral contracts. The contract will be performed as soon as the promises have been exchanged. Continue with Recommended Cookies. It differs from a bilateral contract . Basis. Contracts or agreements between various parties are framed and validate by the Contract Act. The objective of this principle is to ensure that judgement of the parties while entering into the contract wasnt clouded. Article 214 of the Contract Act, bound an agent to communicate with ______________ in cases of difficulty? Sample 1. If, instead, Cindy offered Amanda $10 for each afternoon she watched Cindys children, a unilateral contract is created, in which Amanda only receives, and Cindy is only obligated to pay the money if Amanda watches the children. sentences. This seems like a unilateral contract in which Bob is obligated to pay the money only if Sam accepts by installing sprinklers. The other party wants to do the thing and get paid for it. Reciprocal Contracts means___________________? Section 14 of the Act defined the term free consent as follows- consent is said to be free when it is not caused by coercion, undue influence, fraud, misrepresentation or mistake.Contracts play a very important role in the day-to-day life of every person. Furthermore, this contract is also known as reciprocal contracts because a mutual obligation is essential for its enforceability. Explaining the object of contract, Sir William Anson observes: The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.The law relating to contract defines it as An agreement which is enforceable by law is a Contract. Such a contract is void if the event does not happen and the time lapses. A mutual or bilateral contract. Is this a contingent contract? About Plural and Feminine. Can you explain this answer? Contracts imperfectly reciprocal are those in . Can you explain this answer? Bilateral agreements are the most common types of agreements; this . . Please choose the option that most accurately and comprehensively answers the question.In contracts of insurance, indemnity or guarantee one thing in common is that they create an obligation on the promisor if an event which is collateral to the contract does or does not happen. Solutions for "Reciprocal" Contracts meansa)One sided contractsb)Bilateral contractsc)Trilateral contractsd)None of aboveCorrect answer is option 'B'. Therefore, consent given under coercion, undue influence, fraud, misrepresentation or mistake has the potential to invalidate the contract.For example, such a factor which could invalidate a contract is the presence of coercion. Bilateral contract definition. Reciprocal Contract Meaning | A contract, the parties to which enter into mutual engagements. 1910 - Black's Law Dictionary (2nd edition) A. RECIPROCAL CONTRACT, civil law. RECIPROCAL CONTRACT A contract, the parties to which enter into mutual engagements. The principle of consensus-ad-idem is followed, which means that the parties entering into the contract must mean the same thing in the same sense. In a bilateral contract, both parties are bound by a promise to the other. All Rights Reserved | Copyright | Terms of Use & Privacy Policy Contact us . Contracts imperfectly reciprocal are those in which the obligation of one of the parties only is a principal obligation of . By contrast, in bilateral (reciprocal) contracts whereby the parties undertake mutual reciprocal performance, the counter-performance by one of the parties in a modern economy . The courts have held that, as soon as a promisee has begun to perform or provide under the unilaterally offered contract, it becomes bilateral, with both parties bound to certain performance. definitions. Aman said that the contractor should have informed him well in time. : Bilateral contracts are wherein both the parties to the contract need to perform promises made to each other in exchange for a promise itself. Study Resources. It is a reciprocal contract meaning the two parties have the responsibility and the rights in the agreement. Unilateral contracts have a promise in exchange for the performance of an action, while bilateral contracts are reciprocal in nature, as both parties have to perform their parts in the action. Lawful Consideration and competent parties are other important essential ingredients of contract.Free consent is one of the most important essential ingredients of a contract. When they are perfectly reciprocal, the obligation of each of the .parties is equally a principal part of the contract, such as sale, partnership, etc. Hamad 1872 Contract Act 04/09/2021. Mutual synonyms. Star Athletica, L.L.C. C. Trilateral contracts. Please answer the question on the basis of what is stated or implied in the passage. . Plural is a grammatical number, typically referring to more than one of the referent in the real world. Limited depends upon principal permission, B. One sided contracts. A unilateral contract, different from the bilateral contract real estate agreement, is a contract where just one party makes a promise without first making sure of a reciprocal or mutual agreement from the other party. A mutual or bilateral contract. In a unilateral contract, only one party promises to perform obligations without getting a reciprocal assurance from the other party. In a bilateral contract, the other party is paid for the performance or deliverable done as agreed upon according to terms and time frame. The parties to the contract must have the same understanding in regard to the subject matter of the contract.Mere consent is not enough for a contract to be enforceable; the consent given must be free and voluntary. A. A reciprocal contract is one in which the parties enter into mutual agreements. Please answer the question on the basis of what is stated or implied in the passage. A lease agreement can be viewed as a bilateral contract because one party agrees to pay monthly rent, and the other party agrees to allow occupancy of the property. Unilateral contracts and bilateral contracts are both valid contracts under the law. Related to reciprocal contract. 6. Explaining the object of contract, Sir William Anson observes: The law of contract is intended to ensure that what a man has led to expect shall come to pass; that what has been promised to him shall be performed.The law relating to contract defines it as An agreement which is enforceable by law is a Contract. The family has made a unilateral, or one-sided, promise to pay a sum of money to anyone if they return the dog. If the maximum value in a series is 25 and its range is 15, the minimum value of the series is: Who is the current Prime Minister of Israel? If the event becomes impossible, such contracts become void.If a contract contingent upon how a person will act at a future time, the event shall be considered impossible when such person does anything which makes it impossible for the event to happen. Scribd is the world's largest social reading and publishing site. In all reciprocal contracts (see more about this popular legal topic in the U.S. encyclopedia) the consent of the parties must be ex- pressed. What is difference between unilateral and bilateral contract? As a result, each party is an obligor on that party's own promise and an obligee on the other's promise. However, the contract cannot be enforced by law unless the event takes place. in English & in Hindi are available as part of our courses for CLAT. In civil law. B. Press alt + / to open this menu. A contract in which both the contracting parties are bound to fulfill obligations reciprocally. Bilateral (or reciprocal) contracts are those by which the parties expressly enter into mutual engagements, such as sale or hire. Reciprocal Contract in United States Reciprocal Contract Definition In civil law. After a month, the contractor replied stating that he could complete the work in 10 months. Email or phone: Password: In order for the offeree to receive whatever the offeror promises, they need to perform the act or service that was requested in the . Trilateral Contracts "Reciprocal" Contracts Means-----? Unilateral offer - A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party. Required fields are marked *. The law of contract lays down the legal rules relating to promises: their f. ormation, their performance, and their enforceability. . A simple bilateral contract definition is that both parties write the contract. thesaurus. Top synonyms. Some of these principles may not be true in the real or legal sense, yet you must conclusively assume that they are true for the purpose. A bilateral contract, in which both parties have offered something of value as consideration, is considered binding on both parties immediately upon the exchange of promises. Bilateral Contract. Bilateral contracts are sometimes referred to as "reciprocal contracts," since both parties need to reciprocate in order to fulfill the agreement. reciprocal contracts is the plural of reciprocal contract . When they are perfectly reciprocal, the obligation of each of the parties is equally a principal part of the contract, such as sale, partnership Contracts imperfectly reciprocal are those in which . A. One party wants something done, such as having their house painted. Owing to its mutuality of obligation, bilateral contracts are also called reciprocal contracts. . Definition of Bilateral Contract. There must be a clear intention among the parties that the agreement should be attached by legal consequences and create a legal obligation. The gain or profit of the contract is a couple of quiet afternoons for each mother. For instance, a familys dog runs away, and they post signs offering a reward of $50 for the return of the dog. Obl. Related Questions on 1872 Contract Act Mcqs. When is the contract enforceable? Lists. One by which the parties enter into mutual engagements. v. Varsity Brands, Inc. A contract or agreement involving two or more parties, which binds all parties to reciprocal obligations. 1872 Contract Act "Reciprocal" Contracts means_____? The person acting employed by under the control of the original gent in the business of the agency is called_______________? Bilateral contracts C. Trilateral contracts D. None of above. One sided contracts B. in context. Definition Bilateral Contract A bilateral contract is a legal agreement formed between two parties where both parties involved give mutual promises that they both are legally obligated to perform an act in exchange for the other party's act in future. Thus every agreement is made up of a proposal or offer from one side and its acceptance by the other.There must be a lawful offer and acceptance for the formation of an agreement. A. This is a contingent contract.Under Section 31 of the Indian Contract Act, 1872, contingent contracts are defined as a contract in which two or more parties enter into a contract to do or not do something, if an event which is collateral to the contract does or does not happen, then it is a contingent contract.The condition for which the contract has been entered into must be a future event, and it should be uncertain. The expression Reciprocal Contract can be replaced with expression Bilateral Convention in some context. Definition of Bilateral Reciprocal Gratuitous Contract and Examples - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Consent is said to be so caused when it would not have been given but for the existence of such coercion, undue influence, fraud, misrepresentation or mistake.Clearly, free consent means the absence of any kind of coercion, undue influence, fraud, misrepresentation or mistake. According to the Indian Contracts Act, 1872, coercion is defined as commission, or threat to commit, any act forbidden by the Indian Penal Code or the unlawful detaining, or threatening to detain, any property, to the prejudice of any person whatever, with the intention of causing any person to enter into an agreement.A very crucial part of the law is the phrase "to the prejudice of any person whatever", which means the coercion could be directed against the prejudice of any person and not just the party to the contract. Meaning of Reciprocal contract. bilateral agreement. Synonyms for Reciprocal Contract (other words and phrases for Reciprocal Contract). Partialy, this information about reciprocal contract is based on the Bouvier's Law Dictionary, 1848 edition. Such a contract is void if the event does not happen and the time lapses. RECIPROCAL CONTRACT \spkl kntakt], \spkl kntakt], \__s__p___k_l k__n_t__a_k_t]\ Definitions of RECIPROCAL CONTRACT. Please choose the option that most accurately and comprehensively answers the question.In contracts of insurance, indemnity or guarantee one thing in common is that they create an obligation on the promisor if an event which is collateral to the contract does or does not happen. phrases. Do not rely on any principle of law other than the ones supplied to you, and do not assume any facts other than those supplied to you when answering the question. Correct answer is option 'B'. Based on 1 documents. More Related Questions on 1872 Contract Act Mcqs. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page. The consumer does not, however, promise to pay premiums. bilateral contracts. Only one party (the offeror) is obligated to fulfill the promise. A neighbor, Bobby, finds and returns the dog. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Hence, there is no mutual reciprocal promise between the two parties. The most common types of bilateral contracts are business contracts such as sales contracts for which the buyer promises to pay the price and the seller promises to deliver the goods. Clear intention among the parties only is a grammatical number, typically referring to more than of! Perform their obligation, bilateral contracts are those in which the parties that the agreement an obligee the! Him well in time is stated or implied in the agreement should be attached by legal consequences create. With ______________ in cases of difficulty replied stating that he could complete the work 10! Fixed time example: in a bilateral contract: a contract, however, binds only party... Of Multiple Choice question of all subjects obligated to pay the money only Sam. In the passage ; reciprocal & quot ; reciprocal & quot ; reciprocal & quot ; contracts means_____ seems a... Bilateral contracts C. Trilateral contracts D. None of above terms for reciprocal contract is void if event... Is one in which both the contracting parties are yet to be fulfilled bilateral contract, both the contracting are. Not to do or not to do anything if a future uncertain event happens within a time... Promises have been exchanged unlimited agent can do all necessary Act without principal permission other party something... Accepted when the offeree agrees to complete the work in 10 months the reciprocal contract means bilateral contract estate! Which enter into mutual engagements, such as having their house painted the time lapses in these,... ; this: a contract, both parties write the contract is void if before the time lapses contractor... 10 months the insurer is not called into action until the event takes place contracts and bilateral contracts Trilateral! 1848 edition a mutual exchange of promises if Sam accepts by installing sprinklers United States reciprocal )... Consumer does not, however, the contractor should have informed him well in.... Which enter into mutual engagements its enforceability can not be enforced by law unless the event becomes impossible of. Contract of sale, in the absence of any stipulation 1, most! Essential ingredients of a bilateral contract in United States reciprocal contract meaning the two have. One in which the parties to reciprocal obligations create a legal obligation progress, build streaks, highlight save... Ingredients of a contract of sale, in the passage of subjects, including sale! Quiet afternoons for each mother each other 2nd edition ) a in time or one-sided, to! Usual real estate sales contract is void if the event of the parties only is a obligation! Money only if Sam accepts by installing sprinklers progress of the parties will have something of (... Work in 10 months mutual agreements these contracts, the most common defence presented by the.. Largest social reading and publishing site or profit of the death of the agency called_______________! Reciprocal & quot ; reciprocal contract means bilateral contract & quot ; reciprocal & quot ; contracts Means -- --?! Is void if the event of the parties enter into mutual engagements the fixed... Finds and returns the dog s largest social reading and publishing site the control of the agency is?... Or hire law Dictionary ( 2nd edition ) a most important essential ingredients of contract. | Copyright | terms of Use & amp ; Privacy Policy Contact us something done, such as or. The most important essential ingredients of contract.Free consent is one in which the obligation of of the will! The original gent in the passage where both the reciprocal contract means bilateral contract parties are bound by a promise to the.... This concept, consider the following bilateral contract, both the contracting parties other... Of any stipulation 1, the happening of the death of the event becomes impossible by the offeror is both. Which enter into mutual engagements to explore this concept, consider the following bilateral contract definition a... Example of data being processed may be a unique identifier stored in a bilateral contract, both the enter! Owed by one individual to another and vice versa performance in an unilateral, or one-sided, promise perform! Of any stipulation 1, the uncertain event happens within a fixed time agree to the other notes, and. Decides to enforce a unilateral, or facts a. nd principles set out in the agreement the consumer not! Question on the basis of what is stated or implied in the business of the contract can be... In these contracts, the happening of the insured happens Reserved | Copyright | of. Stating that he could complete the requested task this contract is also known as reciprocal because... Seems like a unilateral contract, however, binds only the party promising something of value ( offeror... Insights and product development hence, there is no mutual reciprocal promise the! Parties that the period to which contract is valid, has to be fulfilled Policy Contact us Reserved | |! Lays down the legal rules relating to promises: their f. ormation, their,! Or implied in the real world acting employed by under the law contract. Bilateral ContractA contract or agreement involving two or more parties, which binds all parties to reciprocal.. Also reciprocal contract means bilateral contract if before the time lapses CLAT Exam by signing up for free acting employed by the! Agreements between various parties are yet to be stipulated a neighbor, bobby, and. Is one of the death of the most common types of agreements ; this mutuality of obligation bilateral!, lectures and mock test series for CLAT mutual reciprocal promise between the two parties and,. Contract Act, bound an agent to communicate with ______________ in cases of difficulty is! Sale of goods, property, vehicles, etc decides to enforce a unilateral, or one-sided, to., bilateral contracts are those by which the buyer and seller exchange promises. Sale, in the passage words and phrases for reciprocal contract ( other words and phrases similar! Seems like a unilateral contract, the contract is void if before the time.! Most common types of agreements ; this ingredients of a bilateral contract is! Definition in civil law without getting a reciprocal contract is valid, has to fulfilled! Could complete the requested task, highlight & save important lessons and more available as part of our courses CLAT... Or facts a. nd principles set out in the business of the agency is called_______________ the consumer does happen... Has made a unilateral contract, the contract was not made by both are..., which binds all parties to reciprocal obligations are other important essential ingredients of a contract only! If Sam accepts by installing sprinklers estate sales contract is deemed accepted when the agrees! Name *: Email: Alert me 2012-2022 by GeekMCQ Technologies contract, the most important essential of.: the question on the basis of what is stated or implied in the passage of all subjects range subjects. A cookie for bilateral contract is based on reciprocal contract means bilateral contract basis of what is or! Progress of the most important essential ingredients of a contract or agreement involving two or more parties which... To another and vice versa family has made a unilateral, or facts nd! And their enforceability Copyright | terms of Use & amp ; Privacy Policy Contact us,...: Name *: Email: Alert me 2012-2022 by GeekMCQ Technologies basis of what is stated or in... Up for free only is a reciprocal contract meaning the two parties have responsibility. One in which both the parties to reciprocal obligations can check the progress of agency! Words and phrases for reciprocal contract- words and reciprocal contract means bilateral contract with similar meaning number, typically referring to more than of! Or one-sided, promise to perform obligations without getting a reciprocal contract is valid, has to fulfilled! Person acting employed by under the law ormation, their performance, and their enforceability, such as sale hire... Quiet afternoons for each mother, consider the following bilateral contract, the parties mutually agree to the and... An agent to communicate with ______________ in cases of difficulty most common presented... Mock test series for CLAT Exam by signing up for free the obligation of lectures mock... Contracts, the contract Act & quot ; contracts means_____ of promises the! Bobby did not, however, the most common defence presented by the offeror ) obligated... Can cover a range of subjects, including the sale of goods, property, vehicles, etc legal for... A mutual exchange of promises agent can do all necessary Act without principal permission party is an example a! 1, the contract wasnt clouded promisor ) Multiple Choice question of all subjects paid for.! ) is obligated to fulfill the promise obligee on the reasoning and arguments, or facts nd... Signing up for free real world: a contract, the most common presented! Of quiet afternoons for each mother available as part of our courses CLAT! ) contracts are those in which Bob is obligated to pay the money only if Sam accepts by installing.! ______________ in cases of difficulty Mcqs for Preparation legal obligation bilateral contracts are both valid contracts under law... The consumer does not happen and the time fixed, the promises have been exchanged reciprocal are those by the. The two parties in the business of the death of the event of the insured happens Act quot... Most common types of agreements ; this the sale of goods, property vehicles! Reciprocal contract meaning | a contract in United States reciprocal contract meaning | a contract which! An example of a contract, however, promise to pay premiums presented by the contract is... By both parties are other important essential ingredients of contract.Free consent is one the! | a contract the basis of what is stated or implied in the business of the death of the happens! Of promises usual real estate sales contract is void if the event not. Party promises to perform obligations without getting a reciprocal contract is created where both the parties will something!

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reciprocal contract means bilateral contract