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Gewinnabführungsvertrag

English translation: profit transfer agreement

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Gewinnabführungsvertrag
English translation:profit transfer agreement
Entered by: Steffen Walter
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01:41 May 4, 2001
German to English translations [PRO]
Bus/Financial - Law: Contract(s)
German term or phrase: Gewinnabführungsvertrag
In connection with Company Law - a contract between two companies, where one company gives all their profits to the other company as outlined in the contract.
Astrid Elke Witte
Germany
Local time: 11:22
profit transfer agreement, surrender-of-profits agreement
Explanation:
Source: Hamblock / Wessels Großwörterbuch Wirtschaftsenglisch
Selected response from:

Sabine Trautewein
Local time: 11:22
Grading comment
Thank you very much for all your help and explanation!
4 KudoZ points were awarded for this answer

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Summary of answers provided
najust one example...
Sabine Trautewein
naprofit transfer agreement, surrender-of-profits agreement
Sabine Trautewein


  

Answers


13 mins
profit transfer agreement, surrender-of-profits agreement


Explanation:
Source: Hamblock / Wessels Großwörterbuch Wirtschaftsenglisch


    HTH
    Sabine
Sabine Trautewein
Local time: 11:22
Native speaker of: Native in GermanGerman
PRO pts in category: 16
Grading comment
Thank you very much for all your help and explanation!
Login to enter a peer comment (or grade)

26 mins
just one example...


Explanation:
That's what I found when I searched Altavista for "profit transfer agreement":
DaimlerChrysler AG and DaimlerChrysler Ludwigsfelde GmbH, with its registered office in Ludwigsfelde (hereinafter "the enterprise"), concluded a subordination and profit transfer agreement on November 9/10, 1999. The agreement has the following essential points:

The management of the enterprise is subordinated to DaimlerChrysler AG.

The enterprise is obligated to transfer its unappropriated profit to DaimlerChrysler AG.

DaimlerChrysler AG is obligated to offset any net losses of the enterprise in accordance with section 302 of the German Stock Corporation Act.

The enterprise may with the approval of DaimlerChrysler AG retain earnings from its net profit to the extent permissible under commercial law and economically viable under sound business practice.

In the absence of external shareholders of the enterprise DaimlerChrysler AG does not have to provide any compensation payments or pay any settlements.

The agreement can be terminated by either side for the first time on December 31, 2003 and, thereafter, as of the end of each calendar year. The right to terminate without notice for compelling grounds remains unaffected.

The Board of Management and the Supervisory Board recommend that the conclusion of the subordination and profit transfer agreement be ratified.




    HTH
Sabine Trautewein
Local time: 11:22
Native speaker of: Native in GermanGerman
PRO pts in category: 16
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Changes made by editors
Aug 1, 2009 - Changes made by Steffen Walter:
Edited KOG entry<a href="/profile/16741">Astrid Elke Witte's</a> old entry - "Gewinnabführungsvertrag" » "Profit Transfer Agreement"
Aug 1, 2009 - Changes made by Steffen Walter:
FieldLaw/Patents » Bus/Financial
Field (specific)(none) » Law: Contract(s)


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