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What is the difference between contractual and legal requirements?

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تم إضافة السؤال من قبل Javed Saeed , Health and Safety Advisor, Coach and Trainer , self employed
تاريخ النشر: 2015/09/30
Gayasuddin Mohammed
من قبل Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Contractual and legal requirements, both are Obligations on the party.

Where as Contractual is a private agreement between the parties to perform as agreed upon the terms and conditions as per their consensus ad idem.

Legal requirements is a mandatory obligation on the party to do or to perform some thing which has got a legal requirement to pursue or proceed further otherwise you are at fault or accused for illegal act for not fulfilling the legal requirement..

My2 cents for this question. Thanks.

 

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