Master Agreement Obligation Terms

From Open Risk Manual

Definition

Master Agreement Obligation Terms. Contract terms setting out the obligations on a party to the agreement


Issues and Challenges

The obligations are modeled in detail as Obligations. There is little merit in setting out the terms themselves as a model of textual elements - these terms are bext understood in relation to the Obligations which they represent, which are modeled in detail.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.