contingent enforceability
[kənˈtɪndʒənt ɪnˈfɔːrsəbɪləti]
nounpl: contingent enforceabilities
exigibilidade contingente
1. The legal quality of an obligation or contract that can be enforced only upon the occurrence or satisfaction of a specified condition or event
The loan agreement has contingent enforceability, meaning the lender can only demand repayment after the borrower receives the promised collateral.
O contrato de empréstimo possui exigibilidade contingente, significando que o credor só pode exigir o pagamento após o mutuário receber a garantia prometida.
2. In legal practice, the state of a right or claim that becomes enforceable only when certain predetermined conditions are met
The purchase agreement's contingent enforceability depends on successful home inspection and financing approval.
A exigibilidade contingente do contrato de compra depende da inspeção bem-sucedida da casa e da aprovação do financiamento.
This term is primarily used in legal and financial contexts in both Brazil and the USA. In Brazilian law, it relates to the concepts of 'condição suspensiva' and 'condição resolutiva' from the Civil Code. It is essential in contract negotiations, real estate transactions, and commercial agreements where parties want to condition enforcement on specific events or conditions.
Related Idioms & Phrases
subject to the fulfillment of conditions
contingent upon occurrence
conditional enforcement clause
enforceability dependent on occurrence
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