The concept of weak contraction from the case of single-valued mappings is extended to multi-valued mappings and then corresponding convergence theorems for the Picard iteration associated to a multi-valued weak contraction are obtained. The main results in this paper extend, improve and unify a multitude of classical results in the fixed point theory of single and multi-valued contractive mappings and also improve recent results from the paper [P.Z. Daffer, H. Kaneko, Fixed points of generalized contractive multi-valued mappings,