1. The ending or conclusion of something at the same time as another thing
The simultaneous termination of both contracts was agreed upon by all parties.
A rescisão simultânea de ambos os contratos foi acordada por todas as partes.
2. In employment law, the ending of employment contracts for multiple employees or positions at the same time
The company announced a simultaneous termination of 50 employees due to restructuring.
A empresa anunciou a rescisão simultânea de 50 funcionários devido à reestruturação.
3. In legal contexts, the mutual ending of contractual obligations at an agreed-upon moment
The partnership agreement included a clause for simultaneous termination if either party failed to meet obligations.
O acordo de parceria incluía uma cláusula de rescisão simultânea se qualquer uma das partes não cumprisse as obrigações.