Glossary entry (derived from question below)
French term or phrase:
indemnité de dédit ou d’attente
English translation:
payment of a penalty for withdrawal from contract (repudiation) or expectation loss
Added to glossary by
Adrian MM. (X)
Aug 9, 2016 12:31
8 yrs ago
20 viewers *
French term
France
indemnité de dédit ou d’attente
French to English
Law/Patents
Law: Contract(s)
Invitation to Tender
Hi all. I'd really appreciate some input on this :
"Dans le cas où l’entité adjudicatrice renonce à affermir la tranche optionnelle, le Titulaire ne pourra pas prétendre au versement d’une ****indemnité de dédit ou d’attente****."
Could it be something like "retraction or stand-by penalty" ?
Many thanks in advance,
Jeff
"Dans le cas où l’entité adjudicatrice renonce à affermir la tranche optionnelle, le Titulaire ne pourra pas prétendre au versement d’une ****indemnité de dédit ou d’attente****."
Could it be something like "retraction or stand-by penalty" ?
Many thanks in advance,
Jeff
Proposed translations
(English)
| 3 +1 | payment of a penalty for withdrawal from contract or expectation loss |
Adrian MM. (X)
|
Change log
Aug 11, 2016 14:22: Adrian MM. (X) Created KOG entry
Proposed translations
+1
1 hr
French term (edited):
versement d’une indemnité de dédit ou d’attente
Selected
payment of a penalty for withdrawal from contract or expectation loss
FHS Bridge's FR/EN glossary:
1. dédit >renunciation; repudiation; promisor's right not to perform his obligation (query: repudiatory breach).
2. indemnité d’attente: demurrage, but incongruous here, unless the tender is for shipping or port loading services etc.
Expectation loss vs. reliance loss: too elaborate to explain (meaning I've never really understood the difference).
1. dédit >renunciation; repudiation; promisor's right not to perform his obligation (query: repudiatory breach).
2. indemnité d’attente: demurrage, but incongruous here, unless the tender is for shipping or port loading services etc.
Expectation loss vs. reliance loss: too elaborate to explain (meaning I've never really understood the difference).
Example sentence:
The aim of expectation loss damages is to put the innocent party in the same position as if the contract had been performed.
Reference:
http://www.proz.com/kudoz/french_to_english/finance_general/1255102-indemnites_de_dedit.html
Note from asker:
| Thanks so much for your help, Adrian ! |
4 KudoZ points awarded for this answer.
Comment: "I really appreciate you assistance with this !"
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