Continuous Obligation
/kənˈtɪn.ju.əs ˌɒb.lɪˈɡeɪ.ʃən/
Definitions
- (n.) A legal duty or liability that persists over a period of time until specific conditions are met or the obligation is otherwise discharged.
The company’s continuous obligation to maintain financial records extends beyond the expiration of the contract.
Forms
- continuous obligations
Related terms
See also
Commentary
Continuous obligations often require careful drafting to specify duration and termination conditions clearly to avoid disputes over their scope and persistence.
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.