bilateral risk
[baɪˈlætərəl rɪsk]
nounpl: bilateral risks
risco bilateral
1. A risk or danger that affects or can be incurred by both parties involved in an agreement, contract, or relationship equally
The bilateral risk in this trade agreement means both countries could suffer economic losses if the deal fails.
O risco bilateral neste acordo comercial significa que ambos os países poderiam sofrer perdas econômicas se o acordo fracassar.
2. In legal contexts, a situation where both parties to a contract bear the risk of loss or non-performance
The insurance policy covers bilateral risk, protecting both the insurer and the insured from unexpected liabilities.
A apólice de seguro cobre risco bilateral, protegendo tanto o segurador quanto o segurado de responsabilidades inesperadas.
3. In international relations, the mutual vulnerability of two nations or parties to adverse outcomes from their interactions
The bilateral risk between the two superpowers required careful diplomatic negotiations.
O risco bilateral entre as duas superpotências exigiu negociações diplomáticas cuidadosas.
The term 'bilateral risk' is commonly used in Brazilian and Portuguese legal, diplomatic, and business spheres, particularly when discussing international agreements, trade contracts, and insurance policies. It reflects the emphasis on balanced, reciprocal arrangements in formal negotiations and reflects a legal principle of shared responsibility between parties.
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