This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Spanish to English
  3. Law: Contract(s)

con la diligencia del “buen hombre de negocios”

English translation: acting with due diligence

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:con la diligencia de un “buen hombre de negocios”
English translation:acting with due diligence
Entered by: Rafael Molina Pulgar

17:17 Nov 29, 2009
Spanish to English translations [PRO]
Law/Patents - Law: Contract(s)
Spanish term or phrase: con la diligencia del “buen hombre de negocios”
En una carta de intención para la subcontratación de servicios de construcción:

"[Suncontratista] expresamente se compromete a garantizar que sus funcionarios y empleados, y todo aquel representante, consultor y demás individuos que actúen en nombre y representación de ésta compañía, respeten la política de cumplimiento de [empresa], cumpliendo con sus obligaciones de manera ética y profesional, **con la diligencia del “buen hombre de negocios”**, observando cabalmente y en todo momento la legislación aplicable, incluyendo, pero sin limitación:..."

Muchas gracias por adelantado.
Yvonne Becker
Local time: 16:07
acting with due diligence
Explanation:
See Wikipedia

Due diligence in business transactions

In business transactions, the due diligence process varies for different types of companies. The relevant areas of concern may include the financial, legal, labor, tax, IT, environment and market/commercial situation of the company. Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits and labor matters, immigration, and international transactions.[2]
Selected response from:

Rafael Molina Pulgar
Mexico
Local time: 14:07
Grading comment
Muchas gracias a todos por sus aportes
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2with the diligence/conscientiousness of the good businessman
margaret caulfield
4 +2following good* business practices
Giovanni Rengifo
4 +1acting with due diligence
Rafael Molina Pulgar
4 +1gentleman's agreement
esing (X)


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
with the diligence/conscientiousness of the good businessman


Explanation:
Diligencia = diligence/conscientiousness

margaret caulfield
Local time: 22:07
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 98

Peer comments on this answer (and responses from the answerer)
agree  Leonardo Lamarche: agree. Me gustaría más usar industriousness.
12 mins
  -> Thanks, Lamarche! A good one.
agree  Javi Martín
46 mins
  -> Thanks, spaniard!
neutral  Giovanni Rengifo: This is certainly a good literal translation of the source text, but IMO an equivalent expression would be more appropriate here.
4 hrs
disagree  philgoddard: Giovanni is right, and businessman is also sexist.
5 hrs
  -> Well, phil, I must agree to disagree. With regard to "businessman" being sexist, what would you suggest? "Bussiness people"? I think we're overdoing things here. I am quite the opposite to a sexist!! (Believe me!!!).
agree  teresa quimper
6 hrs
  -> Gracias, Teresa!
Login to enter a peer comment (or grade)

57 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
following good* business practices


Explanation:
*"good" could be replaced with "commonly accepted".
In any event, I'm not in favor of a literal translation in this case.
Who's a "good business man"? Is there a universal definition?
I've never heard this kind of wording before.

Giovanni Rengifo
Colombia
Local time: 15:07
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 263

Peer comments on this answer (and responses from the answerer)
agree  Travelin Ann: prefer this too, especially since it removes the man/woman issue
27 mins
  -> That's a good point.
agree  Victoria Frazier
3 hrs
neutral  margaret caulfield: To me, this is not what's being referred to here, Giovanni! This is another concept all together.
3 hrs
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
acting with due diligence


Explanation:
See Wikipedia

Due diligence in business transactions

In business transactions, the due diligence process varies for different types of companies. The relevant areas of concern may include the financial, legal, labor, tax, IT, environment and market/commercial situation of the company. Other areas include intellectual property, real and personal property, insurance and liability coverage, debt instrument review, employee benefits and labor matters, immigration, and international transactions.[2]

Rafael Molina Pulgar
Mexico
Local time: 14:07
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 38
Grading comment
Muchas gracias a todos por sus aportes

Peer comments on this answer (and responses from the answerer)
neutral  Giovanni Rengifo: en.wikipedia.org/wiki/Due_diligence - Your example of "due diligence" is not relevant in this case. Your example refers to a process, but the question at hand actually refers to "acting diligently"
1 hr
  -> Ok, Giovanni.
agree  philgoddard: Yes, Giovanni is right about the example not being appropriate, but this is still the exact English equivalent.
3 hrs
  -> Thanks for your opinion, Philgoddard.
Login to enter a peer comment (or grade)

13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
gentleman's agreement


Explanation:
Here due diligence goes beyond whatever is agreed to in writing. A gentleman's agreement takes into consideration the spirit of whatever being agreed to, going beyond words in the agreement or legislation.

esing (X)
India
Local time: 01:37
Specializes in field
Native speaker of: Native in TamilTamil
PRO pts in category: 38

Peer comments on this answer (and responses from the answerer)
agree  Francisca Garcia-Huidobro: Un "Acuerdo de Caballeros" es precisamente como debiera celebrar y/o comportarse un "Buen Hombre de Negocios"
1 day 9 hrs
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search