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Bilateral vs Multilateral vs Unilateral

Bilateral, meaning two-sided, refers to two agreeing entities.

  • The city has a bilateral agreement with the sports arena.

Multilateral, meaning many-sided, refers to more than two agreeing entities.

  • The company has a multilateral agreement with all four firms.

Unilateral, meaning one-sided, refers to an entity acting alone.

  • We have a unilateral agreement on free trade with that country.