Sentence examples for constitutes a binding agreement from inspiring English sources
Even a verbal "yes" to an offer constitutes a binding agreement that cannot be changed.
Remember that once someone buys an item from you or the auction ends, it constitutes a binding agreement to sell, and it is difficult to get past this unless both parties agree to cancel the sale.
In the early 2000s, the U.S. Securities and Exchange Commission debated what constituted a binding agreement arrived at during a videoconference, while the United Nations used videoconferencing to help remote witnesses to testify safely during Rwanda's genocide trials, called the International Criminal Tribunal for Rwanda (ICTR).
The Wilko case, decided in 1953, required the Court to determine whether an agreement to arbitrate future controversies constitutes a binding stipulation "to waive compliance with any provision" of the Securities Act, which is nullified by § 14 of the Act.
In their defence statement, Parramatta conceded an offer was made to Smith, but claimed the "Unexecuted Agreement did not constitute a binding contractual agreement".
The environmental and financial stakes are enormous, with the treaty constituting a pioneering effort to create a binding agreement under which industrialized countries would not only cut emissions, but invest billions of dollars in projects in poorer countries to prevent new emissions as their economies grow.
That 2002 non-binding declaration on the South China Sea was seen as a first step towards forging a binding agreement.
"Generally we need a binding agreement on a binding distribution of refugees between all member states based on fair criteria," the German chancellor told the Bundestag.
Otherwise, the parties may enter into a binding agreement without signing a formal written document.
