What type of contract is an agreement between parties in which each promises to deliver a performance in exchange for the other?

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A bilateral contract is a type of contract where both parties exchange promises to perform. Each party is both a promisor (making a promise) and a promisee (receiving a promise). In this type of contract, both parties are obligated to fulfill their promise, and the contract is not considered complete until both parties have fulfilled their obligations.

What Type of Contract Is an Agreement Between Parties in Which