GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:46 Apr 9, 2001 |
German to English translations [Non-PRO] Law/Patents | |||||||
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| Selected response from: Ron Stelter Local time: 10:13 | ||||||
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Summary of answers provided | ||||
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na | claim for equitable damages |
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na | claim for compensation |
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na | right of set-off (or offset) |
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claim for equitable damages Explanation: Hamblock Wessels (business dictionary) gives equitable damages, equalized claim, claim for adjustment, right of distribution. Hope this helps. Hamblock/Wessels |
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claim for compensation Explanation: As this is a legal context, I find this answer a bit more general and appropriate. Dietl/Lorenz Dictionary of Legal, Commercial and Political Terms |
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right of set-off (or offset) Explanation: In the context of a contract, it is typical to refer to a right of set-off (or offset), as in the following: www.gmacfs.com/notes/demand/ “We have no right of set-off against your Demand Notes for indebtedness not related to your Demand Notes.” www.hmkdirect.com/conditions.htm “5.6 The Buyer shall not be entitled to exercise any right of set-off or counterclaim” www.amwarkup.co.uk/terms_conditions.htm “16.5 The Customer has no right of set-off statutory or otherwise. “ http://techdeals.biz.findlaw.com/agreements/xoom/revolutiona... “This Note is subject to a right of offset in accordance with Section 9.2 of the Asset Purchase Agreement. Debtor shall have the right to offset against and deduct from all amounts otherwise payable to RSI under the terms of the this Note any sums owing by RSI to Debtor pursuant to the Asset Purchase Agreement.” and in a real estate lease context: www.leasingadvisors.com/term_defs.html#Right_of_Offset Right of Offset - A specific clause in a lease where the tenant has the right to deduct from the rent certain costs which are due to the tenant from the landlord Merriam Webster’s Dictionary of Law, 1996: “Set-off: the reduction or discharge of a debt by settling against it a claim in favor of the debtor; specif: the reduction or discharge of a party’s debt or claim by an assertion of another claim arising out of another transaction… “ Hamblock Wessels lists “Ausgleich” as one of the definitions of “set-off” and Romain lists “to set off” (=offset) as one of the definitions of “ausgleichen” Hope this helps! law degree, websites given above, Hamblock/ Wessels, Romain Dictionary of Legal and Commercial Terms, Merriam Webster's DIctionary of Law |
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