0
Wordevoll Posted 18 years ago
Vocabulary

the word "back-in" in its context.

I need to translate some formal documents into Spanish and I really have a pain in the neck trying to interpret the next ideas:

"back-in notice"
"back-in payment"
"Back-in interest"
"back-in right"



The actual text:

Following the date of receipt of the Discovery

Notice, AA shall have a period of ninety (90) business days to elect (the "Back-In
Right") to earn back from BB, a 35% interest in the Property (the "Back-In
Interest"). In order to earn the Back-In Interest, AA shall, within the aforementioned
ninety (90) business day period, provide BB with written notice of its intention to earn

the Back-In Interest (the "Back-In Notice") and, concurrently with the delivery of such
notice, pay to BB an amount equal to 35% of the BB Discovery Expenditures (the

"Back-In Payment").

Could you please help me on how I can interpret the above mentioned expressions?

cordially.

A.





  

Top answer

Hi, Welcome to the Forum. Can you please provide the context where you encountered these, in the form of a sentence or even a paragraph? In English, if possible.

  • Hi, Welcome to the Forum.
  • Can you please provide the context where you encountered these, in the form of a sentence or even a paragraph?
  • In English, if possible.
  • Are you sure your English phrases are translated correctly?
  • Or could it be, for example, a "back payment"?
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

2 Answers
0
Hi,
Welcome to the Forum.

Can you please provide the context where you encountered these, in the form of a sentence or even a paragraph?
In English, if possible.

Are you sure your English phrases are translated correctly? Or could it be, for example, a "back payment"?

Best wishes, Clive
0
I have found a few references on line. I advise to you consult an attorney in the correct interpretation.
Generally it applies to sale of oil or mineral rights.
Suppose Company A owns the rights to explore for oil or gold, and is selling those rights to Company B. But if Company B is wildly successful in finding minerals, gold, oil, Company A wants to be able to "get back in", that is to

Related Questions