Assertion: future contract | /r/HasProperty | binding agreement
Facets:
value: legally
type: MANNER
value: between two parties
type: OTHER
Source sentences:
text: A futures contract is a binding agreement between two parties wherein they agree to buy or sell certain assets or commodities at a specified time in the future.
text: A futures contract is distinct from a forward contract in two important ways: first, a futures contract is a legally binding agreement to buy or sell a standardized asset on a specific date or during a specific month.