contingency clause
[kən-ˈtin-jən-sē klɔːz]
nounpl: contingency clauses
cláusula de contingência
1. A provision in a contract that makes the agreement conditional upon the occurrence or non-occurrence of a specified event
The purchase agreement included a contingency clause that allowed the buyer to withdraw if the home inspection revealed major structural problems.
O contrato de compra incluía uma cláusula de contingência que permitia ao comprador se retirar se a inspeção da casa revelasse problemas estruturais graves.
2. A contractual condition that suspends or voids obligations until a particular condition is met
The employment contract had a contingency clause requiring a background check before the job offer became final.
O contrato de trabalho tinha uma cláusula de contingência que exigia uma verificação de antecedentes antes que a oferta de emprego se tornasse definitiva.
Contingency clauses are essential in both American and Brazilian real estate and business transactions. In the USA, they are particularly common in home purchase agreements (financing contingency, inspection contingency). In Brazil, they are used in contracts governed by the Civil Code (Código Civil Brasileiro) and are crucial for protecting both parties' interests in complex agreements.
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