/əˈblɪɡəˈʃən ˈbaɪndɪŋ ɒn ɔːl ˈpɑːrtiz/ – Phrase
Definition: nghĩa vụ liên đới.
A more thorough explanation: An obligation binding on all parties refers to a legal duty or responsibility that is enforceable and applicable to all individuals or entities involved in a particular agreement, contract, or legal relationship. This means that all parties are required to fulfill their respective obligations as outlined in the agreement, and failure to do so may result in legal consequences or remedies.
Example: The terms of the contract are clear and state that the obligation to pay the agreed-upon amount is binding on all parties involved.