GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:27 Jul 9, 2018 |
Russian to English translations [PRO] Bus/Financial - Law: Contract(s) | |||||||
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| Selected response from: Erzsébet Czopyk Hungary Local time: 11:44 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +1 | does not create legal relations ... de facto |
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does not create legal relations ... de facto Explanation: The conclusion of this Agreement does not create/form/establish between the Supplier and the Distributor of legal relations - *de facto* instructions, commissions or agency legal relations. The Distributor does not represent the interests of the Supplier in the Territory. The Distributor is not entitled to act on behalf of the Supplier or create/establish obligations for the Supplier, including to enter into or conclude/discuss (?) on its behalf any contracts and agreements. Intention to create legal relations - Wikipedia https://en.wikipedia.org/wiki/Intention_to_create_legal_rela... Intention to create legal relations', otherwise "intention to be legally bound", is a doctrine used ... Family agreements are presumed not to give rise to legal relations, unless there is clear evidence to the contrary. ... If my conclusion that there was an arrangement to share any prize money is not correct, the alternative position ... -------------------------------------------------- Note added at 21 mins (2018-07-09 10:49:00 GMT) -------------------------------------------------- Definitions Principal: The person or entity on whose behalf and subject to whose control an agent acts. For example, your boss at work. Agent: A person who agrees to act on behalf of and instead of his or her principal, subject to the principal's control. A good example would be an insurance agent. Generally, in a business relationship, the principal and agent relationship requires being either an employee/employer relationship or an independent contractor. Fiduciary: A person who undertakes to act on behalf of and primarily for the benefit of another. For example, a trustee for a trust. https://www.shsu.edu/klett/agency et al.htm |
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