long-term contracts
[/lɔːŋ-tɜːrm ˈkɒntræks/]
nounpl: long-term contracts
contratos de longo prazo
1. Legally binding agreements between two or more parties that extend over an extended period, typically years, with specified terms and conditions
The company signed long-term contracts with its suppliers to ensure stable pricing.
A empresa assinou contratos de longo prazo com seus fornecedores para garantir preços estáveis.
2. Business arrangements that commit parties to obligations and benefits over a prolonged duration rather than short-term basis
Athletes often negotiate long-term contracts worth millions of dollars.
Atletas frequentemente negociam contratos de longo prazo avaliados em milhões de dólares.
3. Agreements in employment, services, or commercial dealings spanning multiple years with fixed or variable terms
Long-term contracts provide both security and commitment from both parties.
Contratos de longo prazo proporcionam segurança e compromisso de ambas as partes.
Long-term contracts are fundamental in both Brazilian and American business cultures, representing stability and commitment. In Brazil, they are particularly important in industrial agreements and employment relationships. In the USA, they are prevalent in sports, entertainment, and corporate sectors. The concept reflects a preference for predictability and security in business relationships.
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