Outrageously Funny Word Dictionary :: Collutory

👉 Collusive, a legal term in the United States, refers to an arrangement or agreement where two or more parties are bound by a single contract. This means that one party is required to fulfill their obligations under the contract, while the other party is not obligated to do so. In other words, a collusive agreement occurs when there is a mutual intention between two or more individuals to bind each other in a contract. Collusive agreements can arise from various legal contexts, including but not limited to:

collutory