Aleatory Contract: Legal Definition - Bar Prep Hero

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Learn about the definition for this legal term.

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What is Aleatory Contract?

A contract is aleatory or hazardous when the promise of one of the parties is dependent on the occurrence of a fortuitous or uncertain future event.

Further Reading

For more detailed information, see our related Contracts terms:

  • Promissory Estoppel
  • Promise
  • Contract Formation
  • An agreement in principle
  • Assent

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