Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

remedy, mutuality of

Read a random definition: notice of appearance

A quick definition of remedy, mutuality of:

Remedy, Mutuality of: This means that both parties involved in a transaction have the right to seek a solution or remedy if something goes wrong. This is especially important when it comes to specific performance, which is when a court orders someone to fulfill their contractual obligations. In some cases, both parties must have the option of seeking a remedy before specific performance can be granted.

A more thorough explanation:

Definition: The mutuality of remedy refers to the availability of a remedy, particularly equitable relief, to both parties involved in a transaction. This is sometimes required before either party can be granted specific performance.

Examples: If a buyer and seller enter into a contract for the sale of a house, and the contract includes a provision that allows the buyer to back out of the deal if certain conditions are not met, then the seller must also have a remedy available if the buyer fails to fulfill their obligations. This could include the seller being able to seek specific performance of the contract, or other equitable relief.

Another example could be in a partnership agreement, where both partners have the right to seek remedies if the other partner breaches the agreement. This could include seeking specific performance of the agreement, or other equitable relief such as an injunction.

These examples illustrate the concept of mutuality of remedy, where both parties to a transaction have the right to seek a remedy if the other party fails to fulfill their obligations. This helps to ensure that both parties are protected and that the transaction is fair and equitable.

remedial law | réméré

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.