Not to find them, not to bind them -- Elrond and the Ring verse

'Yet no oath or bond is laid on you to go farther than you will.'

(FR 2.iii.280)

As I was listening to Corey Olsen on episode 226 of Exploring the Lord of the Rings say that Elrond refuses to 'bind' the members of the Company to the Quest, the word 'bind' suddenly leaped out at me. For obvious reasons (though they were obscure before the moment). The most prominent and important use of the word 'bind' in The Lord of the Rings comes of course in the Ring verse:

One Ring to rule them all, One ring to find them
One Ring to bring them all, and in the darkness bind them.(FR 2.ii.254)

And as soon as I thought of this verse in this connection, my mind then leapt to a statement Elrond made at the start of the council:

‘That is the purpose for which you are called hither. Called, I say, though I have not called you to me, strangers from distant lands. You have come and are here met, in this very nick of time, by chance as it may seem. Yet it is not so. Believe rather that it is so ordered that we, who sit here, and none others, must now find counsel for the peril of the world.

(FR 2.ii.242)

Elrond's entire approach (not to mention Gandalf's) rejects the kind of control and domination Sauron seeks and the Ring was created to impose, and embraces 'chance as it may seem' and hope.