Obligations

Obligations are the duties or responsibilities that individuals or entities are required to fulfill, often stemming from laws, agreements, or moral commitments. They ensure that people or organizations act in a way that respects the rights and expectations of others. For example, a person has an obligation to pay taxes; a company has an obligation to deliver goods as promised. Fulfilling obligations maintains trust, order, and fairness in society and business. Failure to meet them can lead to legal consequences or damaged relationships.