Compliance Obligation
/kəmˈplaɪəns əˌblɪˈɡeɪʃən/
Definitions
- (n.) A legal or regulatory duty that an entity must adhere to; encompasses laws, regulations, standards, and contractual requirements.
The company implemented new procedures to fulfill its compliance obligations under environmental law.
Forms
- compliance obligation
- compliance obligations
Related terms
See also
Commentary
Used broadly in legal and regulatory contexts to identify specific duties required of entities; drafting should clearly specify the source and scope of each compliance obligation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.