释义 |
Mutuality of Obligation
Mutuality of ObligationThe legal principle that provides that unless both parties to a contract are bound to perform, neither party is bound. Mutuality of Obligation
Mutuality of ObligationThe 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.AcronymsSeeMOO |