Download - Contract Terminology and Concepts (English / Portuguese) - Apresentação

CONTRACT TERMINOLOGY

AND CONCEPTS

(PORTUGUESE < > ENGLISH)

Marsel de Souza & Naomi Sutcliffe de Moraes

55th ATA Annual Conference, Chicago, November5-8, 2014 Marsel de Souza & Naomi de Moraes

Marsel de Souza & Naomi de Moraes

AGREEMENT STRUCTURE

Structure of an Agreement

Title

Introduction

Recitals

Body

Concluding clause


Titles

Contrato de Compra e Venda

Purchase Agreement

Instrumento de incorporao

Articles of incorporation

Instrumento de mandato

Power of attorney


Introduction

This stock purchase agreement is dated

December 1, 2013, and is between ACME

PARENT, a Delaware corporation

(hereinafter Parent), ACME SUB, INC., a

Delaware corporation (Acme Sub) and

CAT, L.P., a New York limited partnership

(CAT).


Recitals Modern Style

On October 10, 2005, Acme Sub merged

into Parent, becoming a direct

wholly-owned subsidiary of Parent.

Parent wishes to sell to CAT, and CAT

wishes to purchase from Parent, certain

shares of the capital stock of Parent.

Parent, Acme Sub and CAT therefore agree

as follows:


Recitals Old Style

WITNESSETH

WHEREAS, the Reinsurer and the Company have entered into that certain Quota Share Reinsurance Agreement (the "Original Agreement"), effective as of 12:01 a.m. on January 1, 2009 (the Effective Date);

WHEREAS, pursuant to Section 4.02 of the Original Agreement, the parties hereto wish to amend and restate the Original Agreement in its entirety in the manner set forth in this Agreement;

NOW, THEREFORE, in consideration of the mutual covenants and upon the terms and conditions set forth in this Agreement, the Company and the Reinsurer hereby amend and restate the Original Agreement in its entirety as follows:



FALSOS COGNATOS

EFFECTIVE DATE

TERM

This Agreement shall have a term of five years

commencing from the Effective Date.

O presente Contrato ter vigncia de cinco anos, a

contar da Data de Entrada em Vigor.

O presente Contrato ter durao de cinco anos, a

contar da Data de Incio da Vigncia.


TO REPRESENT

Each party represents and warrants that it is fully

authorized to enter into this Agreement.

Cada uma das partes declara e garante que est

plenamente autorizada a celebrar o presente Contrato.

The lawyer represented the client in a claim...


CONSTRUCTION

TO EXECUTE All questions of construction arising hereunder will be

resolved by reference to the executed Agreement in English whether or not counterparts thereof are written and/or executed in any other language.

Todas as questes de interpretao a que este Contrato der causa sero solucionadas em referncia verso do Contrato celebrado no idioma ingls, independentemente de existirem vias redigidas e/ou celebradas em qualquer outro idioma.

Construe vs. Construct


AMENDMENT

TO EXECUTE

Any amendments to this Agreement must be in writing and executed by both parties.

Quaisquer modificaes neste Contrato devero ser feitas por escrito e assinadas por ambas as partes.

Quaisquer alteraes... e firmadas...

Quaisquer aditamentos... e firmados...

Emenda Constituio


PROVISION

The following provisions shall apply to the acquisition of

provisions and fuel:

Aplicar-se-o as disposies a seguir aquisio de

provises e combustvel:

Aplicar-se- o disposto a seguir...


MATERIAL (adj.)

Each Party may terminate this Agreement if the other

Party has breached a material provision of this

Agreement, in particular if the breach has a material

adverse effect on the other Party.

Qualquer uma das Partes poder rescindir o presente

Contrato se a outra Parte houver infringido uma

disposio importante deste Contrato, sobretudo se a

infrao tiver um efeito adverso grave sobre a outra

Parte.


ACTUAL vs. PERCEIVED In the event of an actual or perceived breach of this

Agreement by either Party...

No caso de uma infrao conhecida ou suspeita deste

Contrato por qualquer das Partes...

... infrao real ou suspeita...

... infrao efetiva ou suspeita...

... infrao concreta ou suposta...

... infrao de fato ou suposta...

No caso de uma infrao ___ ou suspeita de infrao...



MODAL VERBS

Modal verbs shall, may, must

Language of Performance

Actions of parties concurrent with signing

Language of Obligation

Obligation imposed on subject of sentence or other person

Language of Discretion

Gives a party discretion to take or not take a given action


Language of Performance

Actions of parties concurrent with signing

(simple present tense)

the Company and the Reinsurer hereby

amend and restate the Original

Agreement

the Company and the Reinsurer do

hereby grant ...

the Company and the Reinsurer shall

grant ...


Language of Obligation - Shall

Obligation imposed on subject of sentence

or other person (shall)

A ACME indicar um preposto para

represent-la...

ACME shall designate an agent to

represent it...

Do not use will or must or

is obligated to


Language of Obligation - Shall

When the obligation is on the other

person, use "shall" in passive or rewrite

sentence

O consultor ser reembolsado por todas

as despesas autorizadas

The Consultant shall be reimbursed

for all authorized expenses

The Company shall reimburse the

Consultant for all authorized expenses.


Language of Obligation - Must

When a condition is involved, use "must"

because "shall" is absolute, not dependent

on something else

In order to validly exercise an option,

Acme must submit the option notice

to Jones no later than 30 days

after the option date.


Language of Discretion - May

Gives a party discretion to take or not take

a given action

as partes podero rescindir

imediatamente o Contrato...

...the parties may immediately terminate

the Agreement...



TERMOS DESAFIADORES

REASONABLE

Upon reasonable notice, the requested Party must

provide such books and records...

A Parte solicitada dever fornecer, com antecedncia

razovel, os referidos livros e registros...

Mediante aviso prvio, a Parte solicitada dever

fornecer os referidos livros e registros...


REASONABLE Each Party agrees to take all reasonable steps to

prevent disclosure of Confidential Information to third

parties.

Ambas as Partes comprometem-se a adotar todas as

medidas cabveis para evitar a divulgao de

Informaes Confidenciais a terceiros.

... medidas necessrias...

... devidas medidas...

... medidas de praxe...

... Medidas razoveis...


REASONABLY

If reasonably requested by either party, Client will

appoint a representative to act as a liaison between the

parties.

Caso seja justificadamente solicitado por qualquer

das partes, o Cliente ir designar um representante

para atuar como ponto de contato entre as partes.


REASONABLY

ACME may suspend provision of Services to Customer

without liability if ACME reasonably believes that the

Services are being used by Customer in violation of this

Agreement.

A ACME poder suspender a prestao de Servios ao

Cliente, sem encargos, caso tenha motivos para

acreditar que os Servios esto sendo usados pelo

Cliente contrariamente ao disposto neste Contrato.


REPORT / REPORTING Loss Reporting The Reinsured shall promptly give

written notice to the Reinsurer in the event of a loss...

Aviso de Sinistros A Ressegurada notificar a Resseguradora de imediato, por escrito, caso ocorra

um sinistro...

Notificao de Sinistros

Comunicao de Sinistros


REPORT / REPORTING

Whereas, the United States of America enacted

provisions (...), which introduce a reporting regime for

financial institutions with respect to certain accounts;

Considerando que os Estados Unidos da Amrica

adotaram disposies (...) que introduzem um regime

de prestao de informaes para as instituies

financeiras em relao a determinadas contas;


REPORT / REPORTING Foreign Travel Reporting Requirement Within thirty

(30) days after returning from foreign travel, the

Investigator shall submit an itemized report.

Obrigatoriedade de Prestao de Contas de Viagens

ao Exterior Dentro de 30 (trinta) dias aps o retorno de uma viagem ao exterior, o Pesquisador dever

apresentar um relatrio detalhado.

Within thirty (30) days

Dentro de 30 (trinta) dias...


REPORT / REPORTING

Employee shall report any suspicious behavior patterns

to higher ranked staff.

O Funcionrio dever denunciar quaisquer padres de

comportamento suspeitos a um funcionrio

hierarquicamente superior.


TERMINATE / TERMINATION

If the Agreement is terminated by either Party prior to

the termination date, the rate of exchange used shall

be the Official Rate on the date of termination.

Se o Contrato for rescindido por qualquer das Partes

antes da data de vencimento, a taxa de cmbio

adotada ser a Taxa Oficial data da resciso.

...antes da data de expirao...

...antes da data de trmino...


TERMINATE / TERMINATION

WHEREAS, Employees employment with the Company will be terminated;

(...)

Employee will be terminated from all offices and

positions of employment with the Company...

Considerando que o vnculo empregatcio do

Funcionrio com a Empresa ser rescindido/cessado;

(...)

O Funcionrio ser desligado de todos os cargos e

funes da Empresa...


ANY Reinsurance Compensation shall mean any amounts in

respect of any Insurance Compensation less any

amounts recovered and payments from third parties,

including any amounts recovered from any other

reinsurers, whether collected or not.

O termo Indenizao de Resseguro refere-se a quaisquer importncias relativas a todas as

Indenizaes de Resseguro, deduzidas quaisquer

importncias recuperadas e pagamentos de terceiros,

inclusive eventuais importncias recuperadas de ___

outras resseguradoras, independentemente de terem

sido cobradas ou no.



TIME EXPRESSIONS

Time Expressions - Prazo

Prazo = term

prazo fixo fixed term

prazo de arrendamento lease term

Prazo = period

prazo de carncia grace period

limitado a um prazo mximo de 3 meses.

limited to a maximum period of 3 months.



Prazo = duration

durante o prazo de vigncia do vnculo empregatcio

for the duration of the employment relationship

Prazo = deadline

O descumprimento de qualquer dos prazos previstos ...

Failure to meet any of the deadlines stipulated...



Prazo = within

...sanado no prazo de 30 dias aps o recebimento da notificao...

...corrected within 30 days of receiving notice...

...poder, no prazo referido acima...

...may, within the time frame cited above...


Time Expressions

antecedncia mnima de 30 dias

at least 30 days in advance

por tempo ilimitado

for an unlimited time period / period of

time.



EXPRESSES PADRONIZADAS


unless otherwise agreed by the parties

salvo acordo em contrrio pelas partes

unless otherwise specified

salvo especificao em contrrio

unless otherwise required by law

salvo determinao em contrrio da legislao

unless otherwise provided by law

salvo disposio em contrrio da legislao

unless otherwise noted salvo indicao/observao em contrrio



including, but not limited to,

environmental studies,

environmental impact

statements,

inclusive, entre outros, estudos

ambientais, declaraes de

impacto ambiental,...

inclusive, por exemplo,...

Either Party may, at its sole

discretion, elect to...

Qualquer uma das Partes poder,

a seu exclusivo critrio, optar

por...

no later than 15 days following the date

...impreterivelmente at 15 dias

(a contar) da data...

...no mais tardar 15 dias

(a contar) da data...


EXPRESSES CONSAGRADAS

Notwithstanding the foregoing...

No obstante o exposto acima...

No obstante o disposto acima...

No obstante o referido acima...

...in the event of default by ACME

...should ACME default

...em caso de inadimplncia da

ACME...

...na eventualidade de

inadimplncia da ACME...

...without prejudice to the

rights...

...sem prejuzo dos direitos...



BOILERPLATES & CONCLUDING CLAUSE

Boilerplate Clauses

CLUSULA YYY - FORO

As Partes elegem o

Foro Central da cidade

do Rio de Janeiro, como

o nico competente

para dirimir as questes

decorrentes deste

Contrato, em renncia

a qualquer outro, por

mais privilegiado que

seja.

YYY VENUE

The Parties elect the

Central Court of the city

of Rio de Janeiro as the

only court with

jurisdiction to resolve

issues arising from this

Agreement, to the

exclusion of all others,

no matter how

privileged.


Boilerplate Clauses

Foro / Venue

Resciso / Rescission or Termination or Cancellation

Vigncia / Term

Mediation

Invalidade; Ineficcia / Invalidity

Renncia aos direitos / Waiver of breach

Collect and paste them into a Word file for reference


Concluding Clause

E, por estarem assim justas e contratadas, as Partes assinam este instrumento em 02 (duas) vias de mesma forma e contedo.

Modern style:

The parties hereto are executing two (2) identical copies of this Agreement.

Old style:

IN WITNESS WHEREOF, the parties hereto are executing this Agreement in two (2) equal counterparts.



QUESTES ESTILSTICAS

REDAO DISTINTIVA

Chain of Custody means the channel through which products are distributed from their origin in the forest to

their end use.

O termo Cadeia de Custdia significa o canal de distribuio dos produtos desde sua origem na floresta

at o uso final.

O termo Cadeia de Custdia refere-se ao...

O termo Cadeia de Custdia indica...

Entende-se por Cadeia de Custdia o canal...


REDAO DISTINTIVA

The Licence will not come into force until payment of

the Fee.

A Licena no entrar em vigor at o pagamento

da Taxa.

A Licena somente entrar em vigor aps o

pagamento da Taxa.


NOMES DE INSTITUIES / LEIS

Pursuant to Financial Industry Regulatory Authority

Rule 431 and the Securities Act, this Agreement is

entered into by...

De acordo com a Norma 431 da Financial Industry

Regulatory Authority (Agncia de Regulao do

Setor Financeiro) e com o disposto na Securities Act

(Lei dos Valores Mobilirios), o presente Contrato

celebrado por...


REFERENCES Adams, Kenneth A. Legal Usage in Drafting Corporate Agreements.

Quorum Books, 2001.

Castro, Marclio Moreira de. Dicionrio de Direito, Economia e

Contabilidade. 4 ed. Ed. Forense, 2013.

Cdigo Civil Brasileiro, 2002.

Fonseca, Luciana Carvalho. Ingls Jurdico. Editora Lexema. 1 edio,

2014.

Garner, Bryan A. Black's Law Dictionary, 8th ed. 2004.

Garner, Bryan A. A Dictionary of Modern Legal Usage, 2nd ed. Oxford

University Press, 1995.

Mello, Maria Chaves de. Dicionrio Jurdico. 9 edio. Editora Mtodo,

2009.

Soares dos Santos, Agenor. Guia Prtico de Traduo Inglesa. Edio

revista e ampliada. Elsevier Editora, 2007


THANK YOU! OBRIGADO!

[email protected]

[email protected]
