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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.
"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"?
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2 Answers
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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
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
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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
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
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