LSDefine

Simple English definitions for legal terms

binding agreement

Read a random definition: racial profiling

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

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

11ama

20:08

Indeed.

HeadyInvincibleRabbit

20:25

damn how are you guys calculating all these numbers lmao

HeadyInvincibleRabbit

20:26

i'm guessing maybe around 30ish more As then?

HeadyInvincibleRabbit

20:26

if we're being generous

11ama

20:27

@HeadyInvincibleRabbit: Mostly using https://www.lsd.law/download and the 509 repots

11ama

20:28

reeeeeeports*

HeadyInvincibleRabbit

20:28

fml i'm a november applicant that still hasn't heard back

HeadyInvincibleRabbit

20:29

do we know if there are date changes for Rs too? for umich

SuperficialBlueWeasel

20:29

how come i haven’t heard from some schools w high acceptance rates? what are they up to? like nebraska hasn’t been releasing decisions

HeadyInvincibleRabbit

20:32

is washu done sending out decisions? they just completely ghosted me

11ama

20:33

@SuperficialBlueWeasel: The reality is you are likely behind a gaggle of Sept-Oct. applicants. THe schools are backed up with apps. Some are fast, others are really slow. Also some schools may have had adcoms retire/ shortage of cannonfadder app readers. Try to chill out/research the schools you have applied to so when you get an answer you can move quick and lock up a deal/

SuperficialBlueWeasel

20:33

thanks @11ama

11ama

20:34

In the event you have not received an admissions decision yet, have you tried turning your computer on and off, have you tried checking your span, and have you ensured your email inbox is not full?

OlDirtyBtard

20:34

I used to come on here and troll people and now I got my first R's and I no longer have a sense of humor

11ama

20:36

I was interested in applying to 'Bama law. Called them up, asked if they had any distant cousins attending their institution based on family name/ Ancestry.con DNA. They did not. I replied I was regrettably no longer interested in their institution.

RampantDefeatedFish

20:36

Are you sure you ever did

OlDirtyBtard

20:36

all i'm saying is, i would debase myself to dean cooper for a cornell A

11ama

20:37

@OlDirtyBtard: Being an asshole is not sufficient for being funny, Unc.

11ama

20:37

Trust me, I tried it many a times b4/

JuicyApple

20:39

I wonder if schools are punishing R&R's with no increases to GPA or LSAT.

JuicyApple

20:40

Or no new work experience.

JuicyApple

20:40

Last cycle people who are too burnt to go get something impressive to add to their resume and application.

11ama

21:00

@JuicyApple: Oh no doubt. Wouldn't you be perturbed if you rejected someone and they came back next year with a 'hey boo, its me again' ?

fedclerkhopeful

21:02

Yeah that’s def a real fear. I think too it puts people who have high stats but are going to reapply in a weird place because you can’t even improve the most important parts of your app

11ama

21:03

I'm sure it falls in the same category as retaking the LSAT: one more thing to be held against you.

JuicyApple

21:05

Alrighty then. Sounds bad.

OlDirtyBtard

21:06

nah tbh just reapp to make them say no

OlDirtyBtard

21:06

advance out of spite alone

11ama

21:17

Pretty crazy sheer number of applicants, IMO. I hope people find fulfilling work, yet I fear the future will not reveal said state of affairs since movies/culture makes law seem much more bad ass than it is.

11ama

21:18

Law = paper pusher maxxing, prove me wrong;

LSD+ is ad-free, with DMs, discounts, case briefs & more.