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Deobligate (Definition: All You Need To Know)

What does deobligate mean?

How do you define deobligate in simple terms?

What’s essential to know?

Keep reading as I have gathered exactly the information that you need!

Let me explain to you what “deobligate” means in simple terms!

Are you ready?

Let’s get started!

What Is Deobligate

The term deobligate is generally used in law or in legal context to refer to a situation where a party’s obligation under a contract is reduced.

For example, a contracting party may deobligate by terminating an active project.

Deobligate Definition

The definition of deobligate can be presented as follows:

To reduce a party’s legal obligation
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To cancel a party’s contractual obligation 
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A reduction or downward adjustment of a party’s obligation
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Depending on the context, you can also use the terms deobligated or deobligation essentially meaning the same thing.

A contract that has been deobligated is one where the obligations have been reduced.

The term deobligation will refer to the concept or the process of reducing a legal obligation.

Deobligation Example

Let’s look at an example of how you can deobligate a legal obligation.

Let’s assume that you have entered into a contract with a supplier or vendor.

To deobligate your obligations resulting from the contract, you can do any of the following:

  • Terminate your contract (terminatior for convenience rights)
  • Reduce your payment obligations
  • Reduce your project costs
  • Correct a recorded amount
  • Cut overrunning costs 

Meaning of Deobligation Takeaways 

So there you have it folks!

What is the definition of deobligation?

What is the meaning of deobligation?

In essence, “deobligation” means to “reduce” a legal “obligation”.

For example, you can deobligate a contract.

This means that you will terminate, reduce, or adjust downward your contractual obligations.

I hope I was able to explain to you what the term deobligate means and how it’s used.

Good luck!

Let’s look at a summary of our findings.

Understanding Meaning of Deobligate

  • The term deobligate is generally used in a legal context referring to when a person, entity, or party is reducing or terminating legal obligations
  • To deobligate a contract or deobligate a document refers to the reduction of the 
  • You can reduce your obligations by using different methods such as amending the contract, exercising termination rights, canceling a project, cutting costs, cutting cost overruns, or otherwise modifying the terms of the agreement
Cancellation ceiling 
Contract closeout 
Cost reduction
Definitization
Deflator
Deobligated funds 
Depreciation 
Dormand obligation 
Expenditure variance
Grant
Lease 
Purchase order
Reobligation
Work order
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