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Perfeccionamiento del contrato

English translation: Formalization of contract


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Perfeccionamiento del contrato
English translation:Formalization of contract
Entered by: Beatriz Candil Garcia
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23:11 Jan 19, 2012
Spanish to English translations [PRO]
Bus/Financial - Law: Contract(s) / Insurance
Spanish term or phrase: Perfeccionamiento del contrato
I've seen this quite a few times but depending on the context it can be execution, formalisation or even other terms...within the context below, what do you all suggest, thanks

- Perfeccionamiento del contrato
El contrato se perfecciona mediante el consentimiento de las partes.
Dicho consentimiento se entenderá prestado por parte del Tomador mediante el pago de la prima inicial y por parte de la Entidad Aseguradora mediante la emisión del documento de aceptación, en el que dicha Entidad Aseguradora hace constar la aceptación expresa a la solicitud formulada por el Tomador.
Una vez perfeccionado el contrato, la Sucursal en España de la Entidad Aseguradora editará la correspondiente póliza que se entregará al Tomador para su firma.
Beatriz Candil Garcia
Local time: 09:05
Formalization of contract
Explanation:
In the context that would be:
"The contract is formalized"

The contract is formalized when the service has been confirmed, the contracting party has accepted the general conditions of the contract and due payment has been received.
http://destinia.com/www/condiciones/en/
Selected response from:

rich.
Mexico
Local time: 02:05
Grading comment
Thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1Perfecting of the contract
Tom2004
4 +2Formalization of contract
rich.
3Contract finalization/Finalization of contract
David Hollywood
Summary of reference entries provided
Suzanne Donnelly

  

Answers


20 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Contract finalization/Finalization of contract


Explanation:
see definition in the link below (both parties are in agrement so the contract can go ahead)

http://www.sena.edu.co/downloads/2007Portal/Juridica/Circula...

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Note added at 21 mins (2012-01-19 23:32:40 GMT)
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should read "agreement"

David Hollywood
Local time: 04:05
Native speaker of: Native in EnglishEnglish
PRO pts in category: 461
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25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
Formalization of contract


Explanation:
In the context that would be:
"The contract is formalized"

The contract is formalized when the service has been confirmed, the contracting party has accepted the general conditions of the contract and due payment has been received.
http://destinia.com/www/condiciones/en/

rich.
Mexico
Local time: 02:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 136
Grading comment
Thanks

Peer comments on this answer (and responses from the answerer)
agree  gallagy2: formalised for UK
2 hrs
  -> Yes, Thanks, Gallagy

agree  chiaratorres
10 hrs
  -> Thanks, Chiara
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3 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
Perfecting of the contract


Explanation:
This is the legal jargon I am familiar with.
See, for example:
http://www.batasnatin.com/law-library/civil-law/sales/362-pe...
"It is well-settled that contracts are perfected by mere consent, upon the acceptance by the offeree of the offer made by the offeror"
"

Tom2004
Canada
Local time: 03:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143

Peer comments on this answer (and responses from the answerer)
agree  Emiliano Pantoja
1 hr
  -> Thanks Emiliano!
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