Contractual Liability
/ˌkɒntrækʧuəl laɪəˈbɪləti/
Definitions
- (n.) Liability arising from the terms and obligations agreed upon in a contract.
The company assumed contractual liability for any damages caused by delayed delivery.
Forms
- contractual liability
Related terms
See also
Commentary
Focus on obligations explicitly set out in a contract to distinguish from other types of liability such as tort or statutory liability.
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.