binding agreements

Enforceable mutual promises

Binding agreements are contracts or commitments that carry legal or moral force—the parties involved are obligated to fulfill their terms.

The binding distinguishes these from casual promises or preliminary negotiations: The merger won't proceed until we have binding agreements from all shareholders.

In legal contexts, binding agreements are enforceable in court.

Related

contract · iron-clad contract · legal obligation · fine print · dotted line · oath · lease · accord · pledge · mutual understanding · settlement · nod · vow · assurance · memorandum of understanding · napkin · protocol · wink

Categories
Opposites
legal enforceability

binding agreementshandshake deals

Informal contracts without paperwork

non-binding agreements · letters of intent · agreements in principle · gentleman's agreements · gentlemen's agreements

formality and commitment level

binding agreementshandshake deals

Informal contracts without paperwork

unwritten rules · social contracts

Family

agree, agreement, binding

Familiarity
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Used worldwide · Timeless · Rated G