Strategic Commitment
/ˌstrætəˈdʒɪk kəˈmɪtmənt/
Definitions
- (n.) A deliberate, binding decision by a party in legal or business contexts to pursue a specific course of action that affects future options.
The company's strategic commitment to sustainable practices influenced its long-term contracts.
- (n.) In legal theory, an undertaking that signals an entity’s intention to adhere to certain policies or behaviors, potentially affecting negotiations or litigation.
The court noted the firm's strategic commitment as evidence of good faith in settlement talks.
Forms
- strategic commitment
- strategic commitments
Related terms
See also
Commentary
Strategic commitment often involves irrevocable decisions that limit future legal or business flexibility; drafters should clearly specify the binding nature to avoid ambiguity.
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.