Reciprocal Obligation
/ˌrɛsɪˈprɒkəl ˌɒblɪˈɡeɪʃən/
Definitions
- (n.) A mutual duty or promise between parties, where each party is both obligated to act and benefited by the other's performance, often foundational in contract law.
The reciprocal obligation in the contract required both the buyer and seller to fulfill their respective duties.
Forms
- reciprocal obligations
Related terms
See also
Commentary
Reciprocal obligations emphasize mutuality; drafters should clearly specify each party’s duties to avoid ambiguity.
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.