equivalent obligation
[/ɪˈkwɪvələnt əˈblɪɡeɪʃən/]
nounpl: equivalent obligations
obrigação equivalente
1. A legal or contractual duty that is substantially equal in value, scope, or effect to another obligation, even if the specific terms or methods differ
The contract specifies that failure to deliver goods by the deadline may be satisfied by an equivalent obligation to provide monetary compensation.
O contrato especifica que o não cumprimento da entrega de mercadorias no prazo pode ser satisfeito por uma obrigação equivalente de fornecer compensação monetária.
2. In international law and treaties, a commitment by one party that corresponds to or balances the commitment made by another party
Both nations agreed to reduce tariffs by equivalent obligations under the trade agreement.
Ambas as nações concordaram em reduzir tarifas por obrigações equivalentes sob o acordo comercial.
3. In contract law, a mutual duty where one party's performance is matched by substantially similar performance from the other party
The employment contract contains equivalent obligations for both the employer and employee regarding confidentiality.
O contrato de trabalho contém obrigações equivalentes tanto para o empregador quanto para o empregado no que diz respeito à confidencialidade.
This is predominantly a legal and commercial term used in both English-speaking and Portuguese-speaking jurisdictions. In Brazil, it is particularly important in contract law, international trade agreements, and employment law. The concept reflects the principle of reciprocity and fair dealing in contracts, which is fundamental to both Brazilian (Código Civil) and Portuguese legal systems.
Related Idioms & Phrases
to meet an equivalent obligation
equivalent obligations under the contract
equivalent obligations and duties
in lieu of equivalent obligations
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →