long-term contract
[/lɔːŋ tɜːrm ˈkɒntrækt/]
nounpl: long-term contracts
contrato de longo prazo
1. A binding agreement between two or more parties that extends over an extended period, typically years, with defined terms and conditions
The athlete signed a long-term contract worth millions of dollars with the team.
O atleta assinou um contrato de longo prazo no valor de milhões de dólares com o time.
2. A commercial or employment agreement that specifies obligations and benefits over a prolonged duration
The company secured a long-term contract with its main supplier to ensure stable pricing.
A empresa garantiu um contrato de longo prazo com seu principal fornecedor para assegurar preços estáveis.
3. An agreement providing stability and commitment between parties for sustained business relationships
After three years of cooperation, they decided to upgrade to a long-term contract.
Após três anos de cooperação, eles decidiram atualizar para um contrato de longo prazo.
In Brazil, long-term contracts are increasingly common in corporate environments, particularly in technology, energy, and manufacturing sectors. The concept reflects a growing trend toward business stability and committed partnerships. In the USA, long-term contracts are fundamental to employment, sports, entertainment, and commercial relationships, often reflecting job security and organizational commitment.
Related Idioms & Phrases
lock in a long-term contract
commit to a long-term contract
negotiate a long-term contract
renew a long-term contract
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