May 13, 2009 13:31
15 yrs ago
1 viewer *
English term
comfort letter
GBK
English to Norwegian
Law/Patents
Law: Contract(s)
Definition from
www.businessballs.com:
Document issued to back up an agreement but which does not have any contractual standing. They are often issued by a parent or associate company stating that the group will back up the position of a small company to improve its trading position. They always state that they are not intended to be legally binding. Also known as letters of comfort.
Example sentences:
You should never give that comfort letter to a seller until after you sign the contract. Why not? If, for example, you are negotiating the sales price, and the seller learns from the comfort letter that you can qualify for a higher purchase price than you are offering, the seller may not be so inclined to negotiate the sales price down. (Realty Times)
The appellants duly provided the comfort letter from their bank in the time specified and on 25 March the respondents confirmed that, subject to contract, they agreed to the sale of the property and the shares in the company to the appellants for £2m. (Academic Answers )
The presentation of a Full Corporate Offer (FCO) is always contingent to the presentation of the Buyer’s Letter of Intent (LOI) containing full banking coordinates and explicit authorization for soft probe. In addition the Buyer must present the Bank Comfort Letter (BCL). (Four Seasons Asia Pacific Ltd.)
Proposed translations
(Norwegian)
| 5 | erklæring - støtteerklæring |
Svein Hartwig Djaerff
|
Change log
May 13, 2009 13:24: changed "Kudoz queue" from "In queue" to "Public"
May 13, 2009 13:31: Enrique Cavalitto changed "Stage" from "Preparation" to "Submission"
May 16, 2009 13:55: changed "Stage" from "Submission" to "Selection"
Proposed translations
3 days 2 hrs
Svein Hartwig Djaerff
United Kingdom
United Kingdom
United Kingdom
Lawyer/LL.M/MBA, experienced in many biz
Native in: Norwegian 
Works in: English to Norwegian, German to Norwegian, French to Norwegian, and 5 more.
Related KudoZ points
:
44
erklæring - støtteerklæring
Definition from
own experience or research:
En skriftlig uttalelse i form av en erklæring som bekrefter eller støtter opp om et forhold uten å være juridisk forpliktende for avgiveren av utsagnet
Example sentences:
I forbindelse med inngåelsen av reassuranseavtalen mellom xx og yy avgav zz følgende støtteerklæring overfor xxs morselskap (Norges Høyesterett)
Slike erklæringer kan utstedes til andre enn lånegiver for eksempel til; vareleverandør for betaling av varegjeld... (Fornyings- og Administrasjonsdept.)
Discussion
http://www.regjeringen.no/nb/dep/fad/dok/NOUer/1996/NOU-1996...
”I dette arbeidet drøftes om det kan gjøres rettslige krav gjeldende på grunnlag av støtteerklæringer i selskapsforhold av typen ”comfort letters”. (s.3)
http://www.jur.uib.no/Ansatte/jprjg/Faglige_foredrag/Problem...