/ˈbaɪndɪŋ ˈkɒntrækt/ – Phrase
Definition: hợp đồng bắt buộc về pháp lý.
A more thorough explanation: A binding contract is a legally enforceable agreement between two or more parties that creates obligations to do or not do certain things. It is a contract in which all parties involved are legally bound to fulfill their obligations as outlined in the agreement.
Example: The parties entered into a binding contract that outlined the terms and conditions of their agreement.