Binding contract

Binding contract,

Definition of Binding contract:

  1. A written agreement between two or more people or organizations by which a court may issue a decision if one of the parties attempts to renege on its promise in accordance with the signed document.

How to use Binding contract in a sentence?

  1. When dealing with someone with a bad reputation, you need to make sure you have a binding contract.
  2. Paul had to pay his business partner a commission of 000 50,000 because the judge reviewed the company's contract and found it binding.
  3. The documents I have shown you should be carefully examined and signed by both parties before considering legally binding agreements in court.

Meaning of Binding contract & Binding contract Definition