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This question was closed without grading. Reason: Other
Nov 14, 2014 00:02
9 yrs ago
11 viewers *
English term

The continuing party

English Bus/Financial Investment / Securities
This term is stated in an adherence agreement, including other parties, such transferor and transferee.
Does it refer to a party whose shares are not transferred or otherwise?

any suggestion?

Thanks in advance
Responses
5 the party that carries on with the contract
Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Yvonne Gallagher

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Discussion

B D Finch Nov 14, 2014:
Who knows? Unless you post some additional context in the form of an extract from the source text, it is rather difficult to give a reliable answer.

Responses

49 mins

the party that carries on with the contract

The provisions of the standard deed of novation include a warranty by the outgoing party and the continuing party that the continuing party’s work performed under the original contract is in accordance with the provisions of the original contract.
Note from asker:
thanks David, but I would like to understand if this party is going to continue or carry on what kind of obligations??, and if so, is this party the adherent party that shall continue the obligations after the outgoing party or" transferee" will transfer and\or sell its shares? actually, there is no legal or business definition referring to the actual meaning, and what the powers such party shall have in the company or in the adherence agreement.
Peer comment(s):
neutral Cilian O'Tuama : Carry on, David - time to take a stance, maybe? Or keep feeding if you wish. This has little to do with professinoal translation.
13 mins
neutral B D Finch : How do you know this is about novation?
8 hrs
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