reciprocal

Given or owed mutually as between two persons; interchanged. Reciprocal obligations are those due from one person to another and vice versa.

See also reciprocity

- reciprocal contract

@ reciprocal dealing arrangement

As included within prohibitions of Sherman Act and Clayton Act exists when two parties face each other as both buyer and seller and one party offers to buy other party's goods, but only if second party buys other goods from first party. Spartan Grain & Mill Co. v. Ayers, C.A.Ga., 581 F.2d 419, 424.

See also tying arrangement

@ Reciprocal Enforcement of Support Act

Uniform law, adopted in most all states, by which a court in the jurisdiction of a wife or mother can commence proceedings for support against the husband or father residing in another state. The court in the jurisdiction where he lives issues process for his appearance and an order of support is made. This is transmitted to the court of the initiating state

@ reciprocal laws

Laws of one state which extend rights and privileges to citizens of another state if such state grants similar privileges to citizens of the first state; e.g. Reciprocal Enforcement of Support Act

See also comity

@ reciprocal exchange

@ interinsurance exchange

@ reciprocal or interinsurance exchange

reciprocal or interinsurance exchange

Group or association of persons cooperating through an attorney in fact for purpose of insuring themselves and each other. In re Minnesota Ins. Underwriters, D.C.Minn., 36 F.2d 371, 372

@ reciprocal promises

Mutual promises exchanged between two parties.

See also reciprocal contract

@ reciprocal trade agreements

Agreement between two countries providing for interchange of goods between them at lower tariffs and better terms than exist between one such country and other countries; e.g. U.S. Reciprocal Trade Agreements Act of 1934

@ reciprocal trusts

Mutual trusts in one of which A is beneficiary of trust established by B and B is beneficiary of trust settled by A. Commonly these trusts are established by husband and wife

@ reciprocal wills

Wills made by two or more persons in which they make reciprocal testamentary provisions in favor of each other, whether they unite in one will or each executes a separate one. This may be done by one will, in which case the will is both joint and reciprocal, or it may be done by separate wills. Father Flanagan's Boys' Home v. Turpin, 252 Iowa 603, 106 N.W.2d 637, 639

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