dissolved contract
[/dɪˈzɑːlvd ˈkɑːntrækt/]
nounpl: dissolved contracts
contrato dissolvido
1. A contract that has been legally terminated or ended by mutual agreement, court order, or operation of law, releasing both parties from their obligations
After the dissolved contract, neither party had any remaining obligations under the original agreement.
Após o contrato dissolvido, nenhuma das partes tinha obrigações remanescentes sob o acordo original.
2. A formal agreement between two or more parties that has been cancelled or annulled before its natural expiration date
The dissolved contract left both businesses free to pursue other partnerships.
O contrato dissolvido deixou ambas as empresas livres para buscar outras parcerias.
In Brazilian legal practice, 'contrato dissolvido' is formal terminology used in contracts and court proceedings. The concept is important in commercial law, employment law, and partnership agreements. In the USA, contract dissolution is a significant aspect of business law, and the term is widely used in legal documents and court decisions. Both cultures recognize contract dissolution as a legitimate legal mechanism when parties wish to end their agreement.
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