IV.   Consensus

An Obligation is something (as a formal Consensus, a promise, or the demands of conscience or custom) that obligates one to a course of action through some Consensus, instrument, product or transaction.

Obligations agreed in good faith, free from fraud and duress, are to be met.

When fraud by one party is proven to exist, the other parties are released from all obligation.

Failure to perform an obligation without legal excuse gives the other party the right to seek legal remedy.

No one may be obligated to perform an impossibility.

No one may be obligated to perform a fraud or other offence.

No one may be obligated to perform an act against their conscience or moral faith.

The failure to perform one or more obligations of a formal Consensus may be grounds for the extinction of a Consensus, or punitive acts as stipulated within the Consensus Instrument.