Frequently Asked Questions
What is the significance of facio ut des in contract law?
Facio Ut Des is a fundamental principle in contract law that establishes the basis for a valid contract. It ensures that both parties have a mutual understanding and agreement to exchange something of value, creating a legally binding obligation.
How does facio ut des differ from other contract principles?
Facio ut des differs from other contract principles, such as facio ut facias (I do in order that you may do) or do ut des (I give in order that you may give), in that it emphasizes the performance of one party as a condition for the other party's obligation to give. In other words, it places the focus on the initial action or service provided by one party, which then triggers the reciprocal obligation of the other party to give something in return.
The 2023 Legal Trends Report
Dive into this data-driven analysis and gain valuable insights on legal cloud technologies, evolving client expectations, state-by-state billing rate breakdowns, and more.
Check out Clio's latest blog articles.
Get the latest articles on how to run a more efficient, profitable law firm.
Loading ...
