Glossary entry

English term or phrase:

Confirming Vendor

Spanish translation:

Vendedor que ratifica/confirma

Added to glossary by lugoben
Aug 3, 2016 20:13
7 yrs ago
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English term

Confirming Vendor

English to Spanish Law/Patents Real Estate sale deed
A clause of a sale deed, executed in India, reads:

AND WHEREAS thereafter the said Mr. ABC (original lessee/owner) and the said DEF Ltd. being represented through its duly constituted attorney, Sr. JK being the vendor therein and DEF Ltd. being the then ***Confirming Vendor***, sold conveyed and transferred the [description of the property] to Mrs. GHI.

Thank you in advance for your help.

Kind regards,
Change log

Aug 5, 2016 18:38: lugoben Created KOG entry

Proposed translations

1 day 6 hrs
Selected

Vendedor que ratifica/confirma

Dado que no se encontra
Los contratos de compra/venta de inmuebles en La India sostienen que en los casos donde el vendedor tenga un familiar o grupo de personas familiares con interés de reclamo sobre la propiedad, se define como "vendedor que ratifica/confirma" aquel/aquellos quien (quienes) no ejecuta(n) la venta sino que asienta(n) su conformidad en el contrato, indicando que no tiene(n) ninguna objeción a que la venta se efectúe.

This aspect of confirming party comes mostly in cases of buying properties having several claimants and if the purchaser intends to purchase by settling with all the rival claimants at the time of purchase, other claimants would be shown as confirming parties. To avoid any sort of further litigation, when the purchaser has the knowledge that some other claimants also claiming some rights (either in courts or otherwise) over such property and he is willing to settle the disputes with scuh other cliamants can show them as confirming parties.
http://www.lawyersclubindia.com/forum/What-is-Confirming-Par...

Ratificar: glosario legal
Aprobar o confirmar actuaciones, palabras, opiniones, decisiones, decretos y reglamentos, dándolos por legales.
http://www.ramajudicial.pr/orientacion/glosario.pdf
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5 hrs

vendedor/proveedor confirmado/original

El proveedor original por medio de su abogado.
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