Glossary entry

Portuguese term or phrase:

Contratos de Associação

English translation:

Partnership Agreements

Added to glossary by ndengue
Sep 14, 2021 21:40
2 yrs ago
11 viewers *
Portuguese term

Contratos de Associação

Portuguese to English Bus/Financial Petroleum Eng/Sci
This is part of a short summary of an Angolan oil company.

A Empresa tornou-se membro do Grupo Empreiteiro das Associações FS e FST em 2007 por força de Decretos Executivos. Na sequência, a Empresa foi designada Operadora de ambas concessões, ao abrigo dos Despachos de 2007.

Ambas concessões apresentam a forma de Associação em Participação e são reguladas por Contratos de Associação.

Proposed translations

+1
10 hrs
Selected

Partnership Agreements

If Associação em Participação means silent partnership (see Mário's answer to the previous question) then Contrato de Associação = Partnership Agreement.

Partnership Agreement: An express or implied agreement made between two or more parties, depicting their entry in to a for profit business and making them official partners. The agreement depicts the nature of business, their profit sharing ratio, the capital put up by each partner as well as their duties and responsibilities. A valid partnership might exist between partners without any partnership agreement.

https://thelawdictionary.org/partnership-agreement/
Peer comment(s):

agree Mario Freitas : Correct.
5 hrs
Obrigado Mário
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4 KudoZ points awarded for this answer. Comment: "Thank you Mark "
1 hr

Membership Agreements

Sugestão
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11 hrs
Portuguese term (edited): Contrato/s de Associação

Consortium Contract/s

Associação em Participação > Joint Venture

Association Agreement is ambiguous for a a UK or Oz company shareholders' agreement of old.

An Equity Partnership Agreement, as in the first web ref. answer, routinely refers to a professional partnership of individuals rather than of companies or other businesses.
Example sentence:

“Consortium contracts” between international and Angolan-based service providers and “tripartite agreements” through commercial banks are mechanisms that can provide oil operators with some flexibility in foreign exchange payment

Generally, a consortium or a joint venture is a strategic business association, combination or group of two or more entities or individuals

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