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LSDefine

Simple English definitions for legal terms

contractual obligation

Read a random definition: constitutional clauses

A quick definition of contractual obligation:

A contractual obligation is a legal or moral duty to do something that comes from a contract or agreement. It means that someone has promised to do something or not do something, and they have to follow through with it. Obligations can be things like paying money or doing a specific task. Sometimes, obligations can be enforced by law, but other times they are just based on being a good person and doing what you said you would do.

A more thorough explanation:

A contractual obligation is a legal or moral duty that arises from a contract or agreement between two or more parties. It can refer to anything that a person is bound to do or not do, whether the duty is imposed by law, promise, social relations, courtesy, kindness, or morality.

For example, if you sign a lease agreement with your landlord, you have a contractual obligation to pay rent on time and take care of the property. If you enter into a loan agreement with a bank, you have a contractual obligation to repay the loan with interest according to the terms of the agreement.

Contractual obligations are legally enforceable, which means that if you fail to fulfill your obligations, the other party can take legal action against you to seek damages or other remedies.

contractual fault | contract uberrimae fidei

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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