obligation termination
[ˌɒblɪˈɡeɪʃən ˌtɜːmɪˈneɪʃən]
nounfemininepl: obligation terminations / terminações de obrigação
término da obrigação
1. The legal or contractual end of a duty or responsibility that one party owes to another
The obligation termination clause specifies when the contract ends and parties are released from their duties.
A cláusula de término da obrigação especifica quando o contrato termina e as partes são liberadas de suas responsabilidades.
2. The cessation or fulfillment of a legal commitment or binding agreement
After payment in full, the obligation termination becomes effective and the debtor is no longer liable.
Após o pagamento integral, o término da obrigação se torna efetivo e o devedor não é mais responsável.
3. In contract law, the event or condition that releases parties from their contractual duties
The obligation termination occurred upon delivery of goods as specified in the agreement.
O término da obrigação ocorreu mediante entrega dos bens conforme especificado no acordo.
This is primarily legal and technical terminology used in contract law, commercial agreements, and formal legal documents in both Brazilian Portuguese and English-speaking jurisdictions. In Brazil, understanding obligation termination is crucial in business transactions and civil law matters. The concept reflects civil law principles, where obligations can be terminated through fulfillment, mutual agreement, or legal events.
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