contract obligations

Contract obligations refer to the duties and responsibilities that each party agrees to fulfill when they enter a contract. These obligations can include delivering goods, providing services, making payments, or adhering to specific terms outlined in the agreement. If one party fails to meet their obligations, they may be held liable for breach of contract, which could lead to legal consequences or the requirement to compensate the other party. Essentially, contract obligations ensure that all parties involved uphold their commitments to maintain trust and enforceability in agreements.