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this post was submitted on 09 Oct 2023
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Daystrom Institute
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In the end a contract is only as valid as the enforcement behind it.
Between two people of the same nation, a court willing to say "Yeah that's valid" and enforce it with the power of the state makes a contract quite powerful.
Between two entities that cannot agree on a means to arbitration, or have that means enforced on them, it's basically only as valuable as their willingness to accept it.
"A contract is a contract is a contract... but only between Ferengi" might seem like a straight up dismissal of another's species rights to be negotiated with, but its also a warning. If the Ferengi authorities don't have the power and will to enforce your contract with a Klingon living in free space, then a contract lacks the enforcement clauses that make it absolute.
So how binding is it? As binding as the parties allow it to be.