Definition of Unilateral contract is "an offer that is accepted according to performance"
A unilateral contract is a contract agreement in which an offeror promises to pay after the occurrence of a specified act. In general, unilateral contracts are most often used when an offeror has an open request in which they are willing to pay for a specified act.
An example of a unilateral contract is an insurance policy contract, which is usually partially unilateral. In a unilateral contract, the offeror is the only party with a contractual obligation. A contract in which only one party makes an enforceable promise.
Hence, the unilateral contract is a contract created by an offer than can only be accepted by performance.
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