Sentence examples similar to contract is binding for from inspiring English sources

The contract was binding for the same number of years that the bursary was awarded.

While a futures market contract is binding and obligatory for buyers and sellers, a futures option provides the right but not the obligation to buy or sell the underlying futures contract at a specified price and time.

Moreover, English contract law did not allow for any person to enslave himself, nor could any contract be binding without the person's consent.

It is true that it would be inaccurate to say that the owner repudiated the contract in toto, for the letter that we have quoted assumed that the contract was binding and referred to it as fixing the liability incurred.

It is binding for Greece".

Cell phone bills are expensive, and carrier contracts are binding.

A deal would be binding for at least five years.

A contract is legally binding only if each party obtains something of value (referred to as "consideration") in return for performance of the contract obligations.

Mrs McGee accepts that the Sam contract is legally binding and was signed by her parents.

Simpson has pointed out, however, that quid pro quo did not mean that one party had to perform his side of the agreement for the contract to be binding.

But the real way to create a legally binding contract is for both parties to agree to the terms.