Legal Definitions - conventional obligation

A conventional obligation is a legal or moral duty that arises from an agreement between two or more parties. It can be a formal, binding agreement or acknowledgment of a liability to pay a certain amount or to do a certain thing for a particular person or set of persons. This type of obligation is also known as a contractual obligation.

For example, if you sign a lease agreement with your landlord, you have a conventional obligation to pay rent every month and to take care of the property. If you fail to fulfill these obligations, your landlord can take legal action against you.

Another example of a conventional obligation is a loan agreement. When you borrow money from a bank, you have a conventional obligation to repay the loan according to the terms of the agreement.

Overall, a conventional obligation is a duty that arises from an agreement between parties and is legally enforceable. It is important to fulfill these obligations to avoid legal consequences.