👉 Premisal is a legal concept that refers to a principal or foundation upon which another party has relied in order to establish a contractual relationship. In contract law, this means that one party (the "principal") has agreed to perform certain actions or obligations under a contract with the expectation of receiving payment for such services or goods from another party (the "dependent party"). If the dependent party breaches their obligations, the principal is entitled to recover payment in order to maintain their relationship with the other party.
