The term "facio ut facias" is a Latin phrase that translates to "I do that you may do." It refers to a specific type of contract where one party agrees to perform an action in exchange for another party's promise to perform a different action. This mutual agreement creates a binding obligation for both parties, often seen in situations such as marriage agreements or other reciprocal arrangements.
This term is primarily used in contract law, which is a branch of civil law. It is relevant in various legal contexts, including family law, where agreements like marriage contracts are formed. Users can often manage these agreements themselves with the appropriate legal templates available through resources like US Legal Forms. Understanding this term can help individuals navigate their rights and obligations under such contracts.
Here are a couple of examples of abatement:
Example 1: A couple agrees to marry, where one party promises to provide companionship and support, while the other promises to provide love and care in return. This mutual promise constitutes a facio ut facias agreement.
Example 2: A contractor agrees to build a deck for a homeowner, and in return, the homeowner agrees to pay a specified amount. This exchange of services and payment is another illustration of this type of agreement.
| Term | Definition | Key Difference |
|---|---|---|
| Quid pro quo | A mutual exchange where one thing is given in return for another. | Quid pro quo is broader and can apply to various contexts, not just contracts. |
| Unilateral contract | A contract where one party makes a promise in exchange for an act by another party. | Facio ut facias involves mutual promises, while unilateral contracts involve only one party's promise. |
If you find yourself in a situation where a facio ut facias agreement is relevant, consider the following steps:
Browse our library of 85,000+ state-specific legal templates.
| Attribute | Details |
|---|---|
| Type of Agreement | Reciprocal contract |
| Legal Area | Contract law |
| Consideration | Mutual promises or actions |
| Common Use | Marriage agreements, service contracts |
Consideration is crucial as it represents the value exchanged between the parties, making the agreement legally binding.