oboloo Glossary

Legal documents

oboloo Glossary

Legal documents

Legal documents are written or recorded communications that establish and govern relationships, responsibilities, and obligations between all relevant parties. These documents can range from contracts to court records to government-issued licenses, as well as other legal instruments such as wills and trusts. Legal documents are intended to provide clarity and protection for participants in a transaction and ensure agreements are enforced. With the correct legal document, businesses and individuals can effectively manage the potential risks involved in the activities they undertake.