Εικονική σύμβαση

English translation: fictitious contract (or fictitious agreement)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Greek term or phrase:	Εικονική σύμβαση
English translation:	fictitious contract (or fictitious agreement)
Entered by:	Ioanna Karamitsa

19:49 Nov 17, 2022

Greek to English translations [PRO]
Law/Patents - Medical (general)

Greek term or phrase: Εικονική σύμβαση

https://www.lawspot.gr/nomika-nea/akyrotita-eikonikis-symvas...

Ioanna Karamitsa KudoZ activity Questions: 564 (7 open) (15 without valid answers) (18 closed without grading) Answers: 159 Brazil
Local time: 21:22

fictitious contract (or fictitious agreement)

Explanation:

See:

https://en.glosbe.com/el/en/εικονικός

https://www.google.co.uk/search?q="fictitious contract"&sour...

https://www.google.co.uk/search?q="fictitious agreement"&sou...

https://www.google.com/search?q=fictitious contract meaning&...

https://www.google.com/search?q="fictitious sale contract"&r...

https://www.google.com/search?q="fictitious sales contract"&...

https://www.google.com/search?q="fictitious contract of sale...

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Note added at 10 hrs (2022-11-18 05:56:55 GMT)
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Also see:

https://www.google.co.uk/search?q=Fictitious meaning&sa=X&ve...

Selected response from:

Peter Close
Local time: 03:22

Grading comment

Thanks
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +4

fictitious contract (or fictitious agreement)

Peter Close

simulated contract

Konstantinos Gkofas

Nominal contract value

Anastasia Kalantzi

Answers

9 hrs confidence:

peer agreement (net): +4

fictitious contract (or fictitious agreement)

Peter Close
Local time: 03:22
Specializes in field
Native speaker of:

English
PRO pts in category: 48

Grading comment

Thanks

12 hrs confidence:

simulated contract

Explanation:
'Under a ‘simulated agreement’ the parties can agree to exclude the typical legal effects of the simulated transaction (‘simulazione assoluta’) or to bind themselves to a different legal transaction (‘simulazione relativa’).'

https://disputeresolution.pavia-ansaldo.it/en/the-forced-hei...
___________________________________________________

'Simulation is the situation in which the parties, with the aim of concealing their real
intentions, have made two agreements: an overt one (the sham transaction) and another
which is intended to remain secret. This covert agreement is sometimes embodied in a
document (variously called a back-letter, counter-letter or side-letter). '

https://www.ccbe.eu/fileadmin/speciality_distribution/public...
___________________________________________________

'A simulated contract is one in which the parties imitate the appearance of a genuine agreement or transaction but in reality do not wish it to have any effect, or at least, not to have the effects that would normally flow from an agreement of the type which they appear to have concluded. Their aim is to achieve some oblique purpose through making use of the outward forms of a particular contract.'

https://www.scotlawcom.gov.uk/files/4112/7892/6638/cm37.pdf
___________________________________________________

'An agreement is considered simulated when two parties agree to execute an agreement that does not reflect their true intent with the purpose of deceiving a third party. '

https://thelawreviews.co.uk/title/the-complex-commercial-lit...

https://thelawdictionary.org/simulated-contract/

Konstantinos Gkofas
Local time: 03:22
Works in field
Native speaker of: Greek
PRO pts in category: 12

12 hrs confidence:

Nominal contract value

Explanation:
https://www.lawinsider.com/dictionary/nominal-contract-value
If the Facility has not achieved Commercial Operation by the Effective Date, Seller shall post and thereafter maintain development security equal to two percent (2%) of the Nominal Contract Value upon execution of this Agreement.
https://www.investopedia.com/terms/n/notionalvalue.asp
https://www.upcounsel.com/nominal-consideration
https://en.wikipedia.org/wiki/Nominal_fee
https://incorporated.zone/nominal-consideration/
Mary sells her car to John for $1 although the value of her car is ... As a rule of thumb, a contract, even with nominal consideration, ...

Anastasia Kalantzi
Greece
Local time: 03:22
Native speaker of: Greek
PRO pts in category: 16

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Εικονική σύμβαση

English translation: fictitious contract (or fictitious agreement)

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Εικονική σύμβαση

English translation: fictitious contract (or fictitious agreement)

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