Warning
Info
Warning
Info
Simple English definitions for legal terms
primary obligation
Read a random definition: source
A quick definition of primary obligation:
A primary obligation is a legal or moral duty that someone has to do or not do something. It can be imposed by law, contract, promise, social relations, courtesy, kindness, or morality. It can also be a formal agreement to pay a certain amount or do a certain thing for someone else. An obligation can be a duty or a right, and it can be enforced by law. A primary obligation is a fundamental term in a contract that imposes a requirement on a party from which other obligations may arise.A more thorough explanation:
A primary obligation is a legal or moral duty that a person is bound to do or not do. It can be imposed by law, contract, promise, social relations, courtesy, kindness, or morality. A primary obligation can also be a formal, binding agreement or acknowledgment of a liability to pay a certain amount or to do a certain thing for a particular person or set of persons.
For example, if you borrow money from a bank, your primary obligation is to repay the loan according to the terms of the agreement. This obligation is legally enforceable, and failure to repay the loan can result in penalties or legal action.
Another example of a primary obligation is a contract between a buyer and a seller. The primary obligation of the seller is to deliver the goods or services as agreed, while the primary obligation of the buyer is to pay for them.
Overall, a primary obligation is a fundamental duty or requirement that arises from a transaction or agreement between parties.