Mutual Obligation
/ˈmjuː.tʃu.əl ˌɒblɪˈɡeɪ.ʃən/
Definitions
- (n.) A reciprocal legal duty binding two or more parties to perform certain acts or fulfill specific responsibilities.
The contract established a mutual obligation for both the buyer and seller to uphold their terms.
Forms
- mutual obligations
Related terms
See also
Commentary
Mutual obligations often form the basis of bilateral contracts, emphasizing the reciprocal performance duties between parties.
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.