bindingcontract
nounUK /ˈbaɪndɪŋ ˈkɒntrækt/
US /ˈbaɪndɪŋ ˈkɑːntrækt/
A binding contract is a special promise that the law makes people keep.
The two companies signed a binding contract to share the new playground.
RELATED WORDS
OTHER MEANINGS
2. A written deal that a court can force someone to follow.
The builder could not quit because he had a binding contract with the family.
3. An agreement that cannot be changed without everyone saying yes.
Their binding contract said the price could not go up.
4. A promise between people that carries real duties.
She read the binding contract carefully before signing her name.