long-term settlement
[/lɔːŋ tɜːrm ˈsetəlmənt/]
nounpl: long-term settlements
acordo de longo prazo
1. a final resolution or agreement that is intended to last for an extended period, typically in legal, financial, or real estate contexts
The two companies reached a long-term settlement that would span ten years.
As duas empresas chegaram a um acordo de longo prazo que duraria dez anos.
2. a permanent or semi-permanent community established in a location with the intention of remaining indefinitely
The indigenous people established a long-term settlement in the valley.
O povo indígena estabeleceu um assentamento de longo prazo no vale.
3. in legal contexts, a comprehensive agreement that resolves disputes or claims for an extended duration
The insurance company and the plaintiff agreed to a long-term settlement for medical expenses.
A companhia de seguros e o demandante concordaram com um acordo de longo prazo para despesas médicas.
In both Brazilian and American legal contexts, 'long-term settlement' is a formal term frequently used in litigation, insurance claims, and real estate negotiations. In Brazil, it's particularly common in discussions of indigenous land settlements and corporate dispute resolutions. The concept reflects the importance of stability and permanence in both cultures' approaches to resolving conflicts and establishing communities.
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