dual contract

Definition of "dual contract"
  1. One of two separate agreements created by the same individuals concerning an identical matter or transaction
How to use "dual contract" in a sentence
  1. During the property sale, a dual contract was arranged to cover both the sale price and the agreement to rent the sold property back to the original owner.
  2. The dual contract involving the purchase of the business outlined both the payment terms and running operation of the business after the sale.
  3. In the loan agreement, a dual contract was set up to detail not only the repayment plan, but also the actions to be taken in case of default.

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