In a legal context, “mutual” typically refers to an agreement, understanding, or action that is shared or agreed upon by multiple parties involved. Mutual consent, mutual understanding, or mutual agreement signifies that all parties involved have reached a common understanding or have consented to the same terms or actions. In contract law, mutual assent is a fundamental principle, meaning that both parties must agree to the same terms and intentions for a contract to be valid. Mutual obligations and rights are those that are shared or reciprocal between parties to an agreement. Overall, “mutual” denotes a shared aspect or commonality among parties involved in legal transactions or relationships.
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This glossary post was last updated: 29th March, 2024.
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