GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:32 Feb 8, 2017 |
French to English translations [PRO] Bus/Financial - Business/Commerce (general) / supplier listing agreement | |||||||
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| Selected response from: Nikki Scott-Despaigne Local time: 00:12 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +2 | Undertaking to be independent |
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4 +1 | non-reliance undertaking |
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4 | Commitment to Self-reliance |
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3 | Autonomy commitment |
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Autonomy commitment Explanation: Suggestion. Reference: http://www.ccsenet.org/journal/index.php/ijbm/article/view/2... |
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Commitment to Self-reliance Explanation: Commitment to self-reliance in case you lose our business - IOW if and when we terminate our contract it's up to you the Supplier to have alternatives ready to keep your business going without us as clients. the point of this clause is that the Supplier commits itself to avoid becoming too dependant on the Client for its business survival - nothing to do with the kind of dependence/independence based on ethics, morals, professional conduct or similar. clue: l’attitude commerciale qui consisterait, pour un fournisseur, à escompter un dédommagement au moment de la résiliation du contrat, IOW don't make your business too dependant on our custom we will not entertain giving any compensation for lost business when we terminate our contract with you |
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non-reliance undertaking Explanation: The principle here (to protect the supplier) is that the supplier should not put all of its eggs in the same basket. It's a basic business principle also. Written into the French Commercial Code: http://www.economie.gouv.fr/dgccrf/Publications/Vie-pratique... -------------------------------------------------- Note added at 4 hrs (2017-02-08 14:38:05 GMT) -------------------------------------------------- Undertaking and not commitment because the latter term is not a legal term. |
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