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LSDefine

Simple English definitions for legal terms

binding agreement

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A quick definition of binding agreement:

A binding agreement is when two or more people agree on something and promise to do what they said they would do. It can be about things that happened in the past or things that will happen in the future. It's like making a promise to someone and keeping that promise. Sometimes, there are rules that need to be followed to make the agreement official and enforceable.

A more thorough explanation:

A binding agreement is a mutual understanding between two or more people about their rights and duties regarding past or future performances. It is a manifestation of mutual assent by two or more persons. The parties' actual bargain is found in their language or by implication from other circumstances, including course of dealing, usage of trade, and course of performance.

Examples of binding agreements include:

  • An agreement of sale that obligates someone to sell and may include a corresponding obligation for someone else to buy.
  • A trust agreement that outlines the terms and conditions of a trust.
  • A postnuptial agreement that outlines the division of assets in case of a divorce.

These examples illustrate how a binding agreement is a legally enforceable contract that outlines the terms and conditions of a mutual understanding between two or more parties. It is important to have a binding agreement to ensure that all parties involved understand their rights and obligations and to avoid any misunderstandings or disputes in the future.

bind | binding arbitration

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this one gay bar in chi is always no cover and drinks are like $8 and 95% liquor. peace. love. chicago.
11:09
awe it's ok i'd wait outside with u i duno what we'd be waiting for tho maybe for a gay man to do a vogue on his way in
are straight people still invading gay bars
11:10
nah
11:10
“invading” this aint iraq bud
11:11
skull emoji
i kinda wish it was
america needs another war
11:12
war has historically saved the US economy more than once from certain death
11:13
#worthit
a man recently got pushy and weird at my friend for being a lesbian while we were at a lesbian bar
11:13
bro i would fr crash out nah
NosyBeagle
11:14
the bouncer should've picked him up and tossed him outside like uncle phil
NosyBeagle
11:15
bro went to a lesbian bar and was like im gonna get laid
11:16
Some men just want the challenge #grindset
bro thought he was drake
11:17
Gay people are smarter on avg. Hetros just simply do not understand how things work sometimes.
11:17
Id honestly like to see a study on hetero vs homo IQ
LITERALLY??? happens all the fawking time. also our friends intervened and his friends pulled him away. another time a dude went into a club that is literally known for being a place the queer community likes to party and then started calling people the f slur because no women wanted him in there.
11:18
My guess is gay men would average slightly higher than straight men and lesbian women would score slightly lower
11:20
I think I saw a study of school performance that showed that, but I think that was more about how teachers reward typically feminine behaviour more than masculine, so doesn’t directly correlate to intelligence
11:21
intelligence is many things, obedience in school (taking tests and correctly answering) is something I could get on board with being a 'feminine trait'
hey fellas is it feminine to be good at logic games
11:21
yes bc u take the rules at face value
11:21
yes because im bad at logic games
11:22
n=1
11:22
awe good
11:24
Enjoy your degenerate delusions while u can, in the end you answer to God.
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