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A “binding contract” is any agreement that's legally enforceable. That means if you sign a binding contract and don't fulfill your end of the bargain, the other party can take you to court. You might encounter binding contracts frequently, whether you're signing a rental lease agreement or just bought a car.
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A legally binding agreement is a contract between two parties that outlines specific rules or restrictions.
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A binding promise, agreement, or decision must be obeyed or carried out. [...] See full entry for ...
To be considered legally binding, a document must include the valid signatures of all parties entering into an agreement and outline all the duties and ...
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Posted: Dec 2, 2022
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Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability.
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Feb 14, 2023 · 1. If any of the six elements are missing, the contract cannot be enforced · Capacity (competence to execute or agree to a contract) · Offer ( ...