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Reciprocal obligation

From HandWiki - Reading time: 1 min


Short description: Type of agreement

In law, a reciprocal obligation, also known as a reciprocal agreement is a duty owed by one individual to another and vice versa. It is a type of agreement that bears upon or binds two parties in an equal manner.[1][2]

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Licensed under CC BY-SA 3.0 | Source: https://handwiki.org/wiki/Finance:Reciprocal_obligation
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