MLchartDataset catalogue

Mutual

Term · Law · MLC-T-LAW-003337

Describing an agreement, obligation, or relationship that is shared or reciprocal between two or more parties. In contract law, mutual assent or mutual consideration is a fundamental requirement for a valid agreement. This concept implies that each party gives something of value or undertakes a responsibility in exchange for something from the other.

Table 1. Record
IdentifierMLC-T-LAW-003337
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003337",
  "term": "Mutual",
  "field": "Law",
  "definition": "Describing an agreement, obligation, or relationship that is shared or reciprocal between two or more parties. In contract law, mutual assent or mutual consideration is a fundamental requirement for a valid agreement. This concept implies that each party gives something of value or undertakes a responsibility in exchange for something from the other.",
  "url": "https://mlchart.com/terminology/law/mutual/"
}

Record 3,316 of 5,445 in Law terminology (MLC-0107). Request the full dataset.