reciprocal agreement
[rɪˈsɪprəkəl əˈɡriːmənt]
nounpl: reciprocal agreements
acordo recíproco
1. A formal arrangement or contract between two or more parties where each party grants equal rights, benefits, or obligations to the others in return
The two countries signed a reciprocal agreement to reduce trade tariffs between them.
Os dois países assinaram um acordo recíproco para reduzir as tarifas comerciais entre eles.
2. A mutual understanding or pact where benefits and responsibilities are equally shared and exchanged
The reciprocal agreement between the companies ensured that both would benefit from shared intellectual property rights.
O acordo recíproco entre as empresas garantiu que ambas se beneficiassem dos direitos de propriedade intelectual compartilhados.
In Brazil, reciprocal agreements are commonly used in international trade, professional licensing, and educational exchange programs. The concept emphasizes mutual respect and equal benefit, reflecting Brazilian cultural values of fairness and balance. In the USA, reciprocal agreements are particularly important in interstate commerce and professional credentials recognition.
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