Every lawsuit must be brought within one of various deadlines spelled out in the law, which are known as statutes of limitations. A declaratory judgment is a court-issued judgment that defines and outlines the rights and obligations of each party in a contract.A declaratory judgment is a binding judgment from a court defining the legal relationship between parties and their rights in a matter before the court. This lesson focuses on building a case for litigation in a declaratory judgement action and creating an administrative record to support the. Summary judgment denying its claim for declaratory relief as to its future response costs. A. Before addressing the merits of the claim, we turn to the. • Declaratory Judgment. Does not "make, use, sell or offer to sell" the Surgisis product, according to Cook Biotech's declaratory judgment suit.