exchange of contracts: meaning & examples

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Language: English

Meanings:

  • 1.

    England and WalesNorthern Irelandlawneutral
    • The act of exchanging executed contractual documents between parties or their legal representatives.

    Examples

    Beta

    • The exchange of contracts took place in the solicitor’s office, marking a key milestone in the property sale.

      El intercambio de contratos tuvo lugar en la oficina del abogado, marcando un hito clave en la venta de la propiedad.

    • After the exchange of contracts, both parties are legally bound to complete the transaction under the agreed terms.

      Después del intercambio de contratos, ambas partes están legalmente obligadas a completar la transacción bajo los términos acordados.

    • Have you confirmed the date for the exchange of contracts with your conveyancer yet?

      ¿Has confirmado la fecha para el intercambio de contratos con tu representante legal?

    • The exchange of contracts was delayed due to some last-minute changes in the agreement.

      El intercambio de contratos se retrasó debido a algunos cambios de última hora en el acuerdo.

  • 2.

    England and WalesNorthern Irelandlawidiomatic
    • The point or stage in conveyancing at which a contract for the disposition of an estate in land comes into existence and usually requires payment of a deposit.

    Examples

    Beta

    • The exchange of contracts is the point at which the buyer and seller become legally committed, usually involving a deposit payment.

      El intercambio de contratos es el momento en que comprador y vendedor se comprometen legalmente, normalmente con el pago de un depósito.

    • Once the exchange of contracts happens, the sale is generally irreversible and the completion date is set.

      Una vez que ocurre el intercambio de contratos, la venta generalmente es irreversible y se establece la fecha de finalización.

    • She felt relieved after the exchange of contracts because it meant the house purchase was officially underway.

      Se sintió aliviada después del intercambio de contratos porque significaba que la compra de la casa estaba oficialmente en marcha.

Examples:

  • EN: Less your overheads, which we will defray on exchange of contracts.
    ES: Menos sus gastos generales que sufragaremos a la firma del contrato.
  • EN: You wrote to the vendor's agent requesting vacant possession of Leatherslade Farm upon exchange of contracts rather than completion.
    ES: Escribió al vendedor solicitando la llave de la granja Leatherslade - al intercambiar los contratos no cuando se llevaran a cabo.
  • EN: From the moment of exchange of contracts, you have sold the property.
    HI: कुर्सी के दौर में तूने, ईमान बेच डाला।
  • EN: What the conveyancing process involves Before the exchange of contracts:
    HI: फांसी देने से पहले प्रक्रिया क्या होती हैः
  • EN: The first is a confirmation of exchange of contracts.
    ID: Gilchrist, Bennett and Stafford. Yang pertama adalah konfirmasi pertukaran kontrak.
  • EN: By mid-July, an official exchange of contracts will take place between the two parties.
    TE: రెండు సంస్థల మధ్య వచ్చేనెలలో అధికారిక ఒప్పందం జరుగనున్నట్లు వినికిడి.
  • EN: This document will also be needed at the time of exchange of contracts by law.
    TE: పత్రం కూడా రాష్ట్ర అవసరాలకు ఈ ఉత్పత్తుల సేకరణ సమయంలో అవసరం.
  • EN: After weeks of haggling, the exchange of contracts is closed.
    TE: పైగా వారపు కాంట్రాక్ట్లు వచ్చాక. . ట్రేడింగ్ ధోరణి మారిపోయింది.
  • EN: Negotiations between a buyer and seller before exchange of contracts.
    TE: దీని ద్వారా లావాదేవీలకు ముందే కొనుగోలుదార్లు, విక్రేతల మధ్య చర్చలు జరిగి. . ఒక ఒప్పందానికి వస్తారు.
  • EN: The next stage will see the exchange of contracts.
    TE: తదుపరి దశ విక్రయ ఒప్పంద నమోదు నమోదు అవుతుంది.
  • EN: These negotiations resulted in Friday's exchange of contracts.
    TE: ఈ పరిణామాలతో శుక్రవారం నాటి ట్రేడింగ్లో సూచీలు జోరుగా సాగాయి.

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Sourced from Wiktionary

Source: Wiktionary

exchange of contracts | Idiomator