Subsection 3: Preferential agreement and unilateral undertaking

A preference pact is a contract by which a party undertakes to offer its beneficiary priority to deal with it in the event that it decides to enter into a contract. When a contract is entered into with a third party in breach of a preference pact, the beneficiary may obtain compensation for the loss suffered. Where the third party was aware of the existence of the pact and the…

The unilateral promise is the contract by which one party, the promisor, grants to the other, the beneficiary, the right to opt for the conclusion of a contract whose essential elements are determined, and for the formation of which only the consent of the beneficiary is lacking. Revocation of the promise during the time allowed to the beneficiary to opt does not prevent the formation of the promised contract. A…