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Simple English definitions for legal terms

mutuality of obligation

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A quick definition of mutuality of obligation:

Term: MUTUALITY OF OBLIGATION

Definition: Mutual obligation means both parties in a contract agree to be bound in some way. It is also called mutual contract. In simple terms, if one party promises to do something, the other party must also promise to do something. This is important because if one party does not fulfill their promise, the other party is not bound to fulfill their promise either. However, this concept has caused confusion in the legal world, and some experts suggest that it should be abandoned.

A more thorough explanation:

Definition: Mutuality of obligation refers to the agreement of both parties in a contract to be bound in some way. It is also known as mutuality of contract. For a contract to be valid, both parties must agree to be bound by the terms of the contract.

For example, if you agree to sell your car to someone for $10,000, both you and the buyer must agree to the terms of the sale. You agree to sell the car, and the buyer agrees to pay $10,000 for it. If either party fails to fulfill their obligation, the contract is not valid.

The concept of mutuality of obligation is important in contract law because it ensures that both parties are bound by the terms of the contract. This means that neither party can back out of the contract without consequences.

mutuality of estoppel | mutuality of parties

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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