The Business 2.0 B2 glossary U8 part2

to make a legal claim against someone

if an agreement, contact, decision, etc. is binding you must do what it says

a failure to follow a law or a rule

a business agreement in which peple trust each other without a written contract

to risk damaging or destroying something important

a way of doing something, especially as a result of habit, custom or tradition

to pretend you do not notice something, because you should do something about it but you do not want to