Reciprocal Promises In Settlement Agreements Must Be Executed Simultaneously: Delhi High Court

The Delhi High Court ruled that reciprocal promises in settlement agreements must be executed simultaneously unless agreed otherwise. The court emphasized that one party's obligation to perform is contingent upon the other party fulfilling their corresponding promise. This ruling reinforces the principle of mutuality in contracts, ensuring that parties adhere to their agreed-upon obligations in a coordinated manner, thereby maintaining the balance and fairness of contractual arrangements.