obligation, mutuality of

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. . 2000.

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  • 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 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. Amy Hackney Blackwell. 2008.… …   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

  • 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 — 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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