The unilateral adjective is used to qualify that which is linked to or affects a single part or dimension of something. The term can also refer to what is located on one side only.
A unilateral contract, in this framework, establishes obligations for only one of the parties. When the contract produces reciprocal obligations for the two parties, it is a bilateral contract. An example of a unilateral contract is the loan. In this case, one party (the creditor) grants the other (the debtor) a non-fungible security for use and then returns it under the same conditions.
As you can see, the loan is a unilateral contract: the obligation is on the borrower, who must return the property at the end of the contract. The lender, in turn, retains the property throughout the contract. This type of unilateral contract is very common in the telecommunications market, especially in the field of Internet services: companies provide their customers with a borrowed router so that they can use it for the entire duration of the contract; however, upon completion, they must return it in mint condition. In addition to this device, antennas are usually also delivered with the same obligation to replace them after the end of the business relationship. Another type of unilateral contract is the gift contract. Under these agreements, an individual transfers ownership of one asset to another, free of charge. There is a domain transfer without any consideration. At first glance, the donation may appear to be of a different class than the loan, as there is no obligation to return the goods delivered by the donor. However, since no obligation is established for either party, it cannot be bilateral. The person receiving the donation must not do anything about it, hand over money or comply with any protocol that is not appropriate under the circumstances of receiving a gift. What is unilateral is also what one party decides without consulting the other and without waiting for their agreement or endorsement. Therefore, when a territory becomes independent before reaching an agreement with the entity from which it separates, we speak of a unilateral declaration of independence . Venezuela, Chile, Argentina and other South American countries, in this context, declared themselves unilaterally independent in the 19th century. Thus, they severed ties with Spain without waiting for the acceptance of the European power.
In the field of feelings, we speak of unilateral love, a concept that serves to define those unbalanced relationships in which only one of the parties falls in love with the other. The phase when we usually experience this for the first time is adolescence, when we fall in love with someone who either doesn’t feel any interest in us or doesn’t want more than a friendship. In adulthood it can also occur, although experience should prepare us to avoid this bad taste. No matter how hard experts in any field try, love seems impossible to predict and define. It surprises us when we least expect it and puts us at the mercy of someone else, who is not always the best person to do for us. Far from being able to control our actions or words, we start twirling awkwardly around her, day and night dreaming of that magical moment when she shows us that she feels the same way about us. Requited love, that promised land of the teenager that most of the time doesn’t arrive on the first try. However, as we grow, we must learn to avoid these harsh disappointments by reaching out to the candidates we feel are most likely to reach.