/əˌblɪˈɡeɪʃən ʌv ˈkɒntrækt klɔːz/ – Phrase
Definition: Điểm về hiệu lực bắt buộc của hợp đồng(điểm 1 chương 10 điều I hiến pháp Hoa Kỳ cấm các bang thông qua những đạo luật bác bỏ hay thay đổi những cam kết riêng trong hợp đồng).
A more thorough explanation: An obligation of contract clause is a provision in a contract that requires the parties involved to fulfill their obligations as outlined in the agreement. This clause typically states that the parties are legally bound to perform their duties and responsibilities as specified in the contract, and failure to do so may result in legal consequences.
Example: The obligation of contract clause in the agreement stipulates that both parties are legally bound to fulfill their respective duties and responsibilities as outlined in the contract.