{"iri":"https://folio.openlegalstandard.org/R8ScqoB2b4ln92ntLeQCE3Y","label":"folio:hasObligation","sub_class_of":[],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"folio:must","alternative_labels":["has the obligation to","must"],"translations":{},"hidden_label":null,"definition":"In legal terms, \"has obligation\" refers to the duty or responsibility imposed on an individual, entity, or party by law, contract, or agreement. This obligation can be towards another party, as in contractual commitments, or towards the state or society, such as adhering to criminal laws. Fulfillment of these obligations is legally enforceable, and failure to meet them can result in legal consequences. This concept indicates the direction in which the obligation flows.","examples":["\"Party A hasObligation Indemnification of Party B.\""],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}