Definition of Binding contract:
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?
- When dealing with someone with a bad reputation, you need to make sure you have a binding contract.
- 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.
- 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