contractual obligation

/kənˌtræktʃuəl ˌɒblɪ'geɪʃ(ə)n/ noun
something that a person is legally forced to do through having signed a contract to do
to fulfil your contractual obligations to do what you have agreed to do in a contract
he is under no contractual obligation to buy he has signed no agreement to buy

Dictionary of banking and finance. 2015.

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