Binding Decision
/ˈbaɪndɪŋ dɪˈsɪʒən/
Definitions
- (n.) A final and enforceable determination issued by a competent authority that obliges the parties to comply.
The arbitration panel issued a binding decision that both parties must follow.
Forms
- binding decisions
Related terms
See also
Commentary
A binding decision differs from advisory opinions by its enforceability; drafters should clarify the issuing authority's power when using this term.
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.