Contractual obligations are the duties and responsibilities that parties agree to fulfill in a contract. These obligations can include delivering goods, providing services, or making payments. When a contract is signed, each party is legally bound to meet their commitments, and failure to do so can lead to legal consequences. In a contract, the specific terms outline what each party must do, including deadlines and quality standards. If one party does not meet their obligations, the other party may seek remedies, such as compensation or enforcement of the contract. Understanding these obligations is crucial for both individuals and businesses to ensure compliance and avoid disputes.