binding agreement

Translations
обязывающее соглашение
They signed a binding agreement to complete the project by the end of the year.
Они подписали обязывающее соглашение завершить проект к концу года.
Definitions
A binding agreement is a formal contract or arrangement between two or more parties that is legally enforceable, meaning that the parties are obligated to adhere to the terms and conditions outlined in the agreement.
Words
binding

adjective
обязательный
agreement

noun
соглашение