What is a Binding Agreement?

Think you need a signed contract to be legally bound? Think again! 🚨 In this episode of the Strata Law Podcast, Despina Veleski, from Sachs Gerace Lawyers unpacks what a binding agreement really is — and why it’s one of the most misunderstood concepts in contract law. From quotes and emails to verbal arrangements and unsigned documents, Desipna breaks down how enforceable obligations can arise long before a formal contract is signed.Discover why that simple "yes, go ahead" email or accepted quote could lock you into legal obligations you never intended. Whether you're managing a strata property, hiring a builder, or running a construction business, understanding binding agreements could save you from expensive disputes and legal headaches. What You'll Learn: ✅ The 3 critical elements that create a binding agreement (it's not just signatures!) ✅ How verbal agreements and emails can become enforceable contracts ✅ Why quotes aren't "just quotes"—when they become legally binding ✅ Common misconceptions that lead to legal trouble ✅ How to protect yourself when entering agreementsNeed help, contact Sachs Gerace LawyersProduced by Law Firm Marketing experts, Practice Proof