Simple English definitions for legal terms
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Term: Obligation, Mutuality of
Definition: When two people make a promise to each other, they both have to keep their promise or neither of them has to keep it. This is called the mutuality of obligation. It means that both parties have to agree to be bound by the terms of the contract. Sometimes people get confused about what this means, but it's important to understand that both parties have to be committed to the agreement for it to be valid.
Obligation, mutuality of refers to the agreement of both parties in a contract to be bound in some way. It is also known as mutuality of contract. This means that both parties must be bound by the terms of the contract, or neither party is bound.
The examples illustrate that for a contract to be valid, both parties must be bound by the terms of the contract. If one party is not obligated to fulfill their part of the contract, then the contract is not valid. This is the concept of mutuality of obligation.