Contractual Obligation
/ˌkɒntrækʧuəl ˌɒblɪˈgeɪʃən/
Definitions
- (n.) A binding duty arising from a legally enforceable agreement between parties.
The party failed to fulfill their contractual obligation under the employment contract.
- (n.) A specific responsibility explicitly stated within a contract.
The contractor's contractual obligation includes completing the project by the agreed deadline.
Forms
- contractual obligations
Related terms
See also
Commentary
A contractual obligation requires clear terms and mutual assent to be enforceable; careful drafting ensures clarity on duties and remedies.
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.