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单词 mutuality of obligation
释义

Mutuality of Obligation


Mutuality of Obligation

The legal principle that provides that unless both parties to a contract are bound to perform, neither party is bound.

Mutuality of Obligation


Mutuality of Obligation

The state in which both parties to a contract are required to perform some service. For example, one party may make a widget and the other may pay for it. Mutuality of obligation is one of the conditions that must exist for a contract to be legal and enforceable.
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更新时间:2025/3/1 2:01:38