Contractual Obligations
/kənˈtræk.tʃu.əl ˌɒblɪˈɡeɪʃənz/
Definitions
- (n. pl.) Duties and responsibilities that parties are legally bound to perform under a contract.
The contractual obligations outlined in the agreement must be fulfilled by both parties to avoid breach of contract.
Forms
- contractual obligation
Related terms
See also
Commentary
The term generally appears in the plural form to encompass all duties arising from a contract; its understanding is essential for enforcing contractual rights 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.