Synallagmatic Contract Law and Legal Definition

Synallagmatic in Greek means “mutual agreement.” A Synallagmatic contract in Civil law, refers to a contract in which the parties obligate themselves reciprocally. The obligation of each party is correlative to the obligation of the other. A synallagmatic contract is characterized by correlative obligations, whereas a commutative contract by correlative performances. The term “synallagmatic contract” in civil-law is the same as the common law's “bilateral contract.”