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They'll be held up as long as it's in the best interest of both parties to do so. That's why I asked what Iran was getting out of it, because unless there's enough incentive for them to actually comply then they'll just hide their nuclear facilities better next time.
You're right though, these sorts of agreements are not binding in any sense. The moment either side wants to break them, they will. If Iran were to suddenly find itself under military pressure and need nukes, this agreement would go straight out the window.
Nukes for most countries are mostly bargaining chips rather than actual tools, it just seems that Iran has managed to used the nuclear program itself as a bargaining chip before actually getting to the weapon stage. Good on them, that's good gamesmanship. Saves them a lot of money and time to get what they probably wanted in the first place anyway.
I don't think that's quite right. Their Nuclear program has not, to this point, benefited them in any way. What they are gaining now is only what they lost originally with the sanctions, and really not even that much.