ilj contract lacked mutuality because Loewus was entering a new business in. 1942 the requirements of the manufacturer, for example, will be severely restricted.
out further examination, we cannot be sure of the idea intended to be conveyed. A contract is an agreement for the breach of which there is a legal sanction.
Mutuality of agreement is a legal principle that provides that unless both parties to a contract

Mutuality of contract refers to the reciprocal understanding or agreement between parties. An important part of a contract is mutuality, which states that both parties should be bound or neither should be. However, this principle does not apply to unilateral contracts where there is only one party who is bound.
The expectation that the standards and agreements within a contract made they sound very similar they can have very different meanings in a legal context.
Mutuality of Obligation. Closely related to the concept of consideration is the mutuality of obligation doctrine. Under this doctrine, both parties must be bound to perform their obligations or the law will treat the agreement as if neither party is bound to perform.
See Herman Oliphant, Mutuality of Obligation in Bilateral Contracts at Law (pts. . obligation' means that both parties to an agreement are bound or neither is.
8 Jun 2014 St. John's Law Review (2014) "Contracts--Mutuality of Obligation," St. John's . their promise not to break their agreement with each other or, in.

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March 2018