contrato de promesa de prenda de acciones

English translation: agreement for promise of pledge of shares

20:48 Jan 31, 2011
Spanish to English translations [PRO]
Law/Patents - Law: Contract(s) / Contract
Spanish term or phrase: contrato de promesa de prenda de acciones
CONTRATO DE PROMESA DE PRENDA DE ACCIONES

En adelante, el Pignorante y los Acreedores Pignoraticios se denominarán conjuntamente como las “Partes” o, cualquiera de ellas, ocasionalmente y cuando proceda, como la “Parte”.

Las Partes, en la calidad en que intervienen, aseguran tener la capacidad legal necesaria para obligarse en los términos del presente documento y por ello

EXPONEN
peterinmadrid
Portugal
Local time: 17:08
English translation:agreement for promise of pledge of shares
Explanation:
I see and translate lots of these.
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Bill Harrison (X)
Local time: 16:08
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Summary of answers provided
5 +3agreement for promise of pledge of shares
Bill Harrison (X)
Summary of reference entries provided
AllegroTrans

Discussion entries: 1





  

Answers


5 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
agreement for promise of pledge of shares


Explanation:
I see and translate lots of these.

Bill Harrison (X)
Local time: 16:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 128
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  David Hollywood: spot on :)
7 mins
  -> Thanks David.

agree  philgoddard: It's a bit of a mouthful - you could just say share pledge agreement. After all, an agreement is a promise.
10 mins
  -> No Phil, there is a big big difference between a pledge and a promise of pledge. Trust me on this. PS. I should be more specific, a pledge agreement creates a pledge, it does not constitute a promise to create one.

neutral  AllegroTrans: is it not more akin to a purchase option agreement??
3 hrs
  -> No, AT, nothing to do with purchase or option. It's a type of security.

agree  Nedra Rivera Huntington: Absolutely. The document I am translating includes a promise of pledge for new shares in the borrower. Clearly not a pledge agreement, as there are no shares to pledge as of yet, and there may never be.
1990 days
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Reference comments


1 hr
Reference

Reference information:
#
How to Buy Property in Chile: The Legal Issues
Overseas properties, Expatriate resources, international employment & offshore financial services. ... on a certain conditions (Contrato de Promesa), is very common as a ...
www.escapeartist.com/OREQ22/Buying_Real_Estate_in_Chile.htm... - Cached

The Buy-Sell agreement (Contrato de Promesa)

The purchase (Buy-sell) agreement whereby a person agrees to sell and another to buy a specified article for an agreed price on a given date or depending on a certain conditions (Contrato de Promesa), is very common as a way to close the deal. Make sure you are committed to buy before signing this contract, because the penalties are very high in case of a breach of the agreament.

AllegroTrans
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 577
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