Binding Contract
/ˈbaɪndɪŋ ˈkɒntrækt/
Definitions
- (n.) A legally enforceable agreement between parties that obligates them to perform specified duties or refrain from certain acts.
The parties entered into a binding contract that required delivery of goods by the agreed date.
Forms
- binding contract
- binding contracts
Related terms
See also
Commentary
The term 'binding contract' emphasizes enforceability, distinguishing it from agreements lacking legal effect.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.