Obligations definition: Copy, customize, and use instantly
Introduction
The term "Obligations" refers to the duties, responsibilities, or commitments that one party is bound to perform under a contract. It is essential for establishing clear expectations between parties, outlining the specific actions or inactions required to fulfill the terms of an agreement.
Below are various examples of how "Obligations" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Obligations" as legal duties
This definition ties "Obligations" to legally enforceable requirements.
"Obligations" means any duties, responsibilities, or liabilities imposed by contract, statute, or regulation.
Definition of "Obligations" as financial commitments
This definition connects "Obligations" to monetary liabilities.
"Obligations" refers to debts, liabilities, or financial commitments that an entity is required to fulfill.
Definition of "Obligations" as contractual responsibilities
This definition links "Obligations" to agreements between parties.
"Obligations" means any commitments, whether monetary or non-monetary, arising from a contract.
Definition of "Obligations" as corporate liabilities
This definition applies "Obligations" to company debts.
"Obligations" refers to all financial and legal duties a corporation must discharge, including loans and taxes.
Definition of "Obligations" as secured or unsecured liabilities
This definition ties "Obligations" to asset-backed commitments.
"Obligations" means liabilities secured by collateral or unsecured commitments requiring repayment.
Definition of "Obligations" as statutory requirements
This definition connects "Obligations" to compliance with laws.
"Obligations" refers to any duties imposed by government authorities, including tax payments and regulatory compliance.
Definition of "Obligations" as debt instruments
This definition links "Obligations" to financial securities.
"Obligations" means bonds, promissory notes, or other debt instruments that require repayment.
Definition of "Obligations" as lender and borrower responsibilities
This definition applies "Obligations" to loan agreements.
"Obligations" refers to the repayment duties of a borrower and the funding responsibilities of a lender.
Definition of "Obligations" as ongoing business commitments
This definition ties "Obligations" to operational responsibilities.
"Obligations" means any commitments necessary to continue business operations, including employee wages and supplier payments.
Definition of "Obligations" as government-imposed duties
This definition connects "Obligations" to public sector requirements.
"Obligations" refers to duties imposed by governmental agencies, such as tax payments or regulatory filings.
Definition of "Obligations" as fiduciary responsibilities
This definition links "Obligations" to trust-based relationships.
"Obligations" means the legal and ethical duties owed by a fiduciary to a beneficiary.
Definition of "Obligations" as international treaty commitments
This definition applies "Obligations" to intergovernmental agreements.
"Obligations" refers to the responsibilities assumed by a country under a treaty or international agreement.
Definition of "Obligations" as performance guarantees
This definition ties "Obligations" to ensuring fulfillment.
"Obligations" means duties to perform under a contract, including warranties and service guarantees.
Definition of "Obligations" as environmental compliance duties
This definition connects "Obligations" to sustainability laws.
"Obligations" refers to responsibilities related to environmental protection, including emissions regulations and waste management.
Definition of "Obligations" as enforceable rights and duties
This definition links "Obligations" to reciprocal relationships.
"Obligations" means any duties that a party is legally required to fulfill, including those arising from contracts or statutes.
Definition of "Obligations" as banking and financial sector liabilities
This definition applies "Obligations" to regulated institutions.
"Obligations" refers to any liabilities that a financial institution owes, including deposit guarantees and loan commitments.
Definition of "Obligations" as retirement and pension responsibilities
This definition ties "Obligations" to future financial commitments.
"Obligations" means any duties related to retirement funds, pension benefits, or deferred compensation plans.
Definition of "Obligations" as supply chain responsibilities
This definition connects "Obligations" to procurement and logistics.
"Obligations" refers to contractual duties within a supply chain, including timely deliveries and quality standards.
Definition of "Obligations" as guarantees under commercial transactions
This definition links "Obligations" to business dealings.
"Obligations" means any duties that must be fulfilled in commercial transactions, including payment terms and product delivery.
Definition of "Obligations" as duties under employment contracts
This definition applies "Obligations" to employer-employee relations.
"Obligations" refers to the duties an employer owes to employees, including wages, benefits, and workplace safety.
Definition of "Obligations" as risk mitigation responsibilities
This definition ties "Obligations" to reducing liabilities.
"Obligations" means any steps a company must take to mitigate financial, legal, or operational risks.
Definition of "Obligations" as conditions in lease agreements
This definition connects "Obligations" to property leasing.
"Obligations" refers to the duties of landlords and tenants, including rent payments and property maintenance.
Definition of "Obligations" as investor protections
This definition links "Obligations" to securities law.
"Obligations" means duties of publicly traded companies to disclose financial information and protect shareholders’ rights.
Definition of "Obligations" as conditions for government contracts
This definition applies "Obligations" to public procurement.
"Obligations" refers to the responsibilities of contractors when fulfilling agreements with government agencies.
Definition of "Obligations" as corporate governance duties
This definition ties "Obligations" to ethical leadership.
"Obligations" means the responsibilities of executives and board members in managing a company’s affairs.
Definition of "Obligations" as banking reserves and capital requirements
This definition connects "Obligations" to financial stability.
"Obligations" refers to minimum capital and liquidity requirements that banks must maintain under financial regulations.
Definition of "Obligations" as responsibilities under licensing agreements
This definition links "Obligations" to intellectual property.
"Obligations" means duties related to licensing intellectual property, including royalty payments and compliance with terms.
Definition of "Obligations" as ethical and social responsibilities
This definition applies "Obligations" to corporate social responsibility.
"Obligations" refers to a company’s duties to stakeholders, including ethical business practices and community engagement.
Definition of "Obligations" as compliance with antitrust laws
This definition ties "Obligations" to competition regulations.
"Obligations" means responsibilities to prevent monopolistic practices and promote fair market competition.
Definition of "Obligations" as regulatory reporting requirements
This definition connects "Obligations" to transparency.
"Obligations" refers to the duty of businesses to file financial reports and disclosures with regulatory agencies.
Definition of "Obligations" as warranties and service-level agreements
This definition links "Obligations" to product quality.
"Obligations" means guarantees made by a company regarding product performance, customer support, and warranty coverage.
Definition of "Obligations" as liability for damages
This definition applies "Obligations" to compensatory duties.
"Obligations" refers to responsibilities to compensate parties for damages resulting from breach of contract or negligence.
Definition of "Obligations" as conditions in insurance policies
This definition ties "Obligations" to coverage requirements.
"Obligations" means the duties of insurers and policyholders, including premium payments and claims processing.
Definition of "Obligations" as trustee and beneficiary duties
This definition connects "Obligations" to estate planning.
"Obligations" refers to the responsibilities of a trustee in managing assets for a beneficiary.
Definition of "Obligations" as conditions in credit agreements
This definition links "Obligations" to lending practices.
"Obligations" means the repayment, collateral, and reporting duties under a credit facility.
Definition of "Obligations" as terms in international trade agreements
This definition applies "Obligations" to cross-border commerce.
"Obligations" refers to trade duties, tariffs, and customs requirements that parties must adhere to.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.