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TeachMeFinance.com - explain Bilateral agreement Bilateral agreement The term 'Bilateral agreement' as it applies to the area of energy can be defined as ' A written statement signed by two parties that specifies the terms for exchanging energy'. Previous 5 Terms: BICO Report Biennial Bi-fuel vehicle bifurcation bight Next 5 Terms: Bilateral electricity contract Bilateral trade agreement Bill Emerson Good Samaritan Act of 1996 Billing period Billow Cloud About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.