answersLogoWhite

0

Bind or binding means to impose one or more legal duties on a person or institution. For example, the parties are bound by the terms of the contract; the courts are bound by precedents.

The words to bind or binding are also used to signify that a thing is subject to an obligation, engagement or liability; to indenture; to legally obligate to serve.

See below link:

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Is a decision given by a court binding on an inferior court?

The decision of the court is ALWAYS binding on everyone, unless it is appealed to a higher court which may overturn the decision.


Do arbitrators render legally binding decisions?

yes, If the parties involved agree that the decision made will be legally binding


When a neutral third party makes a decision that is binding what is it called?

Binding arbitration


What is ratio decidendi?

The part of decision which is binding


What are the key differences between binding and non-binding arbitration?

Binding arbitration results in a decision that both parties must follow, while non-binding arbitration allows either party to reject the decision and pursue other legal options.


When parties are not compelled to comply with the arbitrators decision it is a?

non binding arbitration


What is a Non binding arbitration?

In binding arbitration, the parties contractually agree that they will be bound and abide by the decision of the arbitrator. In non-binding arbitration, each party is free to reject the decision of the arbitrator and either do nothing or take the matter to court.


When parties are not compelled to comply with arbitrators decision it is a?

non binding arbitration


When parties compel not to comply with the arbitrator decision it is a?

Non-binding arbitration


What are the differences between binding arbitration and non-binding arbitration?

Binding arbitration results in a final decision that both parties must abide by, while non-binding arbitration offers a non-binding recommendation that parties can choose to accept or reject.


What are the similarities between a decision reached in a binding mediation and a civil trial decision?

They both are enforceable and have the effect of law.


Is arbitration formal?

Yes, arbitration is a formal though streamlined process. It is more streamlined that the standard litigation process. Never the less, the parties may choose whether the arbitration is to be binding or non-binding. If binding, the arbitrator's decision is final and the parties must comply with it. If non-binding, the parties may either accept the decision or reject it and pursue litigation.

Trending Questions
What amendment created the persnal income tax? What is the difference between a power of attorney and an executor of estate in terms of their roles and responsibilities? When does the bill go to the conference committee? Imagine that two individuals are both guilty of a crime. One individual is tried and sentenced. The other individual is released. Which amendment has been violated? If the minister signs off on a marriage license after the marriage ceremony is the marriage legal or is there something he has to submit? If there is no witness can you be convicted of a crime? What is practical benefit in contract law? What should you always do when driving or stopping behind a large truck or a bus? How much do pimps get paid? Are you allowed to deny a breathalyzer test during a police stop? Is mooning a form of indecent exposure in California? How does robbery happened? Why do some states choose to operate without grand juries, while others opt to utilize grand juries in their legal processes? Purpose of amending a bill? How far away does a police officer have to be able to see your license plate light? Is it possible to give up your right to divorce on the grounds of adultery if the non cheating spouse new of the affair and did nothing about it right away? Who is involved civil court cases? What did Labor unions and Populists saw in the brutal Pullman episode? When a man cheats on his wife and pursue divorce what happens to the mistress? HOW DO LAWS govern the use of mass media?