binding contract
Legally sealed deal
A binding contract is a legally enforceable agreement between parties, creating obligations that courts will uphold.
The binding distinguishes it from informal promises or preliminary negotiations—once signed, the parties are bound to fulfill their commitments or face legal consequences: Make sure you read everything before signing a binding contract.
- offerProposal to provide
- shake on itFormalize agreement physically
- meeting of mindsMutual intellectual agreement
- lease agreementContract for temporary occupancy
- legalityConformance with law
dotted line · consideration · signatory · acceptance · good faith · guarantor · written agreement · fine print · terms and conditions · capacity · service agreement · loan agreement · termination clause · partnership agreement · licensing agreement · damages · rescission · non-compete clause
- legal documentsaffidavit, deed, will, subpoena, injunction
- legal termstrial, legal, appeal, lawsuit, law
- confidentialityNDA, non-disclosure, nondisclosure, confidentiality clause, confidentiality
- arcane textsgrimoire, spellbook, tome, rune, glyph
- agency lawagent, principal-agent, power of attorney, proxy, fiduciary
binding contracthandshake deal
Unwritten mutual commitment
void contract · gentlemen's agreement · gentleman's agreement · verbal promise · verbal agreement
binding contracthandshake
Mutual palm-gripping gesture
verbal promise · pinky promise · word of honor · soft commitment · tacit agreement
binding, contract, bind, binds, binder, binders, bindings, unbind, contracts