mutuality of obligation

mutuality of obligation
n.
The principle that both parties to a contract are either bound to it or not, but one party cannot be bound if the other is not.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


mutuality of obligation
n. The consent by both parties to a contract to pay, yield, or give up something in return for the benefits received.

Webster's New World Law Dictionary. . 2000.


mutuality of obligation
The legal principle that provides that unless both parties to a contract are bound to perform, neither party is bound.

Dictionary from West's Encyclopedia of American Law. 2005.


mutuality of obligation
The legal principle that provides that unless both parties to a contract are bound to perform, neither party is bound.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • mutuality of obligation — The characteristic of binding effect of a contract on both parties, 17 Am J2d Contr § 11; 46 Am J1st Sales § 61, or an undertaking on one side and a consideration on the other. 17 Am J2d Contr § 11; 49 Am J1st Spec Per § 34. It is a rule of law… …   Ballentine's law dictionary

  • mutuality — mu·tu·al·i·ty /ˌmyü chə wa lə tē/ n: the quality or state of being mutual: as a: the quality of a contract under which both parties are bound by obligations b: the state of debts for purposes of set off under bankruptcy law in which the debts are …   Law dictionary

  • mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… …   Black's law dictionary

  • mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… …   Black's law dictionary

  • mutuality of contract — A meeting of the minds of the parties, that is, mutual assent. 17 Am J2d Contr §18; 55 Am J1st V & P § 14. See mutuality of obligation …   Ballentine's law dictionary

  • obligation, mutuality of — n. The consent by both parties to a contract to pay, yield, or give up something in return for the benefits received. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • mutuality — The condition of being mutual, two persons bearing the same relationship toward each other in reference to a particular right or obligation; sharing a common burden or enjoying a common benefit on the same basis. The essential of a binding… …   Ballentine's law dictionary

  • Nethermere (St Neots) Ltd v Gardiner — Court Court of Appeal Citation(s) [1984] ICR 612 Case history Prior action(s) …   Wikipedia

  • Nethermere (St. Neots) Ltd. v. Gardiner — And Another [1984] ICR 612 is a British labour law case in the Court of Appeal in the field of home work and vulnerable workers. Many labour and employment rights, such as unfair dismissal [s.94 of the Employment Rights Act 1996] , in Britain… …   Wikipedia

  • Employment Rights Act 1996 — Infobox UK Legislation short title=Employment Rights Act 1996 parliament=Parliament of the United Kingdom long title=... statute book chapter=1996 c. 18 introduced by= territorial extent=England and Wales; Scotland; Northern Ireland royal assent …   Wikipedia

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