dual contract
- One of two separate agreements created by the same individuals concerning an identical matter or transaction
- 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.
- The dual contract involving the purchase of the business outlined both the payment terms and running operation of the business after the sale.
- 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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