inactive contracts
[ɪnˈæktɪv ˈkɑːntrækt]
nounpl: inactive contracts
contratos inativos
1. Legal agreements or business arrangements that are no longer in force, valid, or being actively performed; contracts suspended, terminated, or dormant
The company reviewed all inactive contracts from the previous fiscal year.
A empresa revisou todos os contratos inativos do ano fiscal anterior.
2. Contracts that have been signed but are not currently generating obligations or revenue for either party
Inactive contracts should be archived according to the document retention policy.
Os contratos inativos devem ser arquivados de acordo com a política de retenção de documentos.
In Brazilian business culture, management of inactive contracts is an important compliance and administrative function. Companies maintain detailed records of inactive contracts for tax, legal, and audit purposes. This term is particularly relevant in corporate law, procurement departments, and financial auditing sectors.
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