Sep 27, 2021 08:10
2 yrs ago
44 viewers *
French term

demeurer sur la seule tête

French to English Bus/Financial Business/Commerce (general) Pacte d'associés
Les Parties conviennent toutefois que, dans l'hypothèse où une Partie céderait une partie de ses Titres à un Tiers (autrement qu'au titre d'une Cession Libre), les droits (notamment ceux prévus à l'article du Pacte) qui ne peuvent être partagés entre la Partie cédante et le cessionnaire ****demeureront sur la seule tête***** de la Partie cédante, sauf accord contraire entre la Partie cédante et le cessionnaire et notifié aux autres Parties et au Mandataire.

Proposed translations

+3
11 hrs
Selected

shall continue to be held solely by

Rights are "held" in EN legalese. Other verbs can be used but "hold/held" is the most common and the most precise. Examples:

"...many constitutional amendments have added to the rights held by Americans..." https://constitutioncenter.org/interactive-constitution/inte...

The court "appointed a receiver to transfer any patent rights held by Advanced Video’s predecessor to Advanced Video." https://www.troutman.com/insights/federal-circuit-review-iss...

Etc.

I added "continue" to the translation to capture the meaning of "demeurer"--namely that the rights will stay where they are, with the Partie cédante, rather than being transferred to anyone else.
Peer comment(s):

agree Steve Robbie : Makes sense to me
1 hr
Thanks.
agree AllegroTrans
16 hrs
Thanks.
agree Yvonne Gallagher : yep
21 hrs
Thanks.
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
21 mins
French term (edited): demeureront sur la seule tête

shall remain the sole property

An educated guess, really.

Numbers of shares too small to entitle the bearer to one vote at shareholders' meeting cannot be transferred.

When you say "C'est pour ma tête" in a French bar, you're saying "I'll get (buy) this"; presumably this is a related expression.

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Note added at 26 mins (2021-09-27 08:36:35 GMT)
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Actually this is about voting rights and rights to dividends, and not directly about the shares themselves, but the same wording can be used.

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Note added at 2 hrs (2021-09-27 10:38:14 GMT)
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Alternative: rights remain vested

Mining Rights Sale Zimbabwehttps://www.rmtp.fr › concrete › Aug_748_213
Zimbabwe was liberated in 1980, but almost four decades later the country's mineral ***rights remain vested*** in the President The government has recognised that ..

Code of Fair Practice - DrawTalenthttps://www.drawtalent.com › code-of-fair-practice
All unspecified ***rights remain vested*** with the artist. All transactions shall be in writing. ARTICLE 14. Commissioned artwork is not to be considered as ...

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Note added at 2 hrs (2021-09-27 10:42:21 GMT)
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Full version:

shall remain exclusively vested in the Transferring/Assigning Party (or Transferor)
Peer comment(s):

neutral philgoddard : I don't agree that the same wording can be used - shares can be described as property, but not the rights attached to them.
1 hr
Internet searches indicate that rights can be owned (IP rights, for example), but as an alternative I would suggest "vested", see above.
neutral Steve Robbie : Agree with Phil - a right is not ordinarily an item of property. Packageable, transferable IP rights notwithstanding. It's probably enough to say "remain with [the assignor] alone".
2 hrs
True, the phrasing does strike me as a bit awkward, at least. Second suggestion: shall remain exclusively vested in...
neutral AllegroTrans : "shall remain vested in...." ; let's see if anyone suggests "shall remain sitting on the one same head"
3 hrs
Vested was my second suggestion. Is the last part a joke? Anything is possible here.
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