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Plaintiff further offers as proof of ownership the following: (canceled check, bill of sale, letters, etc. A declaratory judgment is a court judgment that outlines the rights and obligations of each party in a contract.A declaratory judgment provides a strategic means of resolving uncertainty, such as when claims are imminent. 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. A petition for a declaratory judgment begins with an identification of the parties. Please complete the COMPLAINT FOR DECLARATORY JUDGMENT enclosed in this Packet and sign it in the presence of a Deputy Clerk or Notary Public. 4. A court's first step in a declaratory judgment action concerning insurance coverage is to determine the scope of the policy's coverage. The Declaratory Judgments Act, N.J.S.A. 2A:16-51 et seq. There is a single answer to this complaint, and it is a complete one. 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.