Mutual Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Mutual, written in plain English, along with examples of how it is used.

What is Mutual?

Any valid contracts made has to have consideration which is mutual. It is reciprocal right or agreement between the parties to something. For instance, a marriage between a man and woman is mutual if they want to marry each other.It also refers to understanding between two parties for a business deal and that they trust each other that such understanding would be followed or else there will be a breach.