dynamic contract
[daɪˈnæmɪk ˈkɒntrækt]
nounpl: dynamic contracts
contrato dinâmico
1. A contract whose terms, conditions, or performance obligations can be modified, updated, or adjusted during its execution based on predefined triggers, external conditions, or mutual agreement
The software development contract was structured as a dynamic contract, allowing scope adjustments based on market changes.
O contrato de desenvolvimento de software foi estruturado como um contrato dinâmico, permitindo ajustes de escopo baseados em mudanças de mercado.
2. In blockchain and smart contracts, a contract deployed at runtime whose behavior can be altered through upgradeable mechanisms or proxy patterns
The developer implemented a dynamic contract using a proxy pattern to enable future upgrades without redeployment.
O desenvolvedor implementou um contrato dinâmico usando um padrão proxy para permitir futuras atualizações sem reimplantação.
3. A commercial agreement with flexible pricing, delivery schedules, or service levels that adjust automatically according to pre-agreed formulas or conditions
Their supply agreement was a dynamic contract with pricing that adjusted monthly based on commodity costs.
O acordo de fornecimento deles era um contrato dinâmico com preços que se ajustavam mensalmente com base nos custos de commodities.
The term 'dynamic contract' is increasingly common in Brazil's tech and financial sectors, particularly with the growth of fintech and blockchain industries. In traditional legal contexts, Brazilian law typically requires explicit authorization for contract modifications, making dynamic contracts a relatively modern concept requiring careful legal framework. In Portugal and Europe, the concept aligns with modern commercial practices but maintains stricter regulatory requirements under European contract law.
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