Answer:
Obligation and responsibility.
Step-by-step explanation:
Contract is a legally binding agreement that serve as a guide to the actions of the parties involved in a employment , lease , sales ,tenancy or business agreement.
It is supported with offer , acceptance of offer and legal valuation.
Every party in a contract agreement has right and obligations relative to others , but that does not mean that every party has equal right as the legal condition binding the contract might state otherwise.