Election to affirm

Spanish translation: [opción de] afirmación/continuación [del Contrato]

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Election to affirm
Spanish translation:[opción de] afirmación/continuación [del Contrato]
Entered by: Marta Moreno Lobera

03:51 Apr 14, 2020
English to Spanish translations [PRO]
Law/Patents - Finance (general) / Loan agreement
English term or phrase: Election to affirm
Hola, en un contrato de préstamo, en la cláusula de Remedies, Waivers & Consents:

A failure or delay by a party to exercise any right or remedy provided under this agreement shall not constitute a waiver of that or any other right or remedy, prevent or restrict any further exercise of that or any other right or remedy or constitute an election to affirm this Agreement. No election to affirm this Agreement shall be effective unless it is in writing.

En este contexto, election to affirm es "confirmar"? alguna otra sugerencia?
Gracias!
Lihuel Muñoz
Local time: 21:07
[opción de] afirmación/continuación [del Contrato]
Explanation:
Traducción:

...no constituirá la renuncia a estos o a otros derechos o recursos, no impedirá el ejercicio posterior de dichos derechos o recursos... ni supondrá que dicha parte ***haya optado por ratificar/afirmar el Contrato (dar continuidad al Contrato/mantenerlo como válido)***. La opción de afirmación del Contrato no será efectiva hasta que conste/se ratifique por escrito...

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Cuando una parte tiene conocimiento de un incumplimiento contractual que puede invalidar el contrato puede optar por rescindirlo o aceptar su rescisión, o por su continuación; en este caso, opta por la afirmación del contrato.

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Referencias:

Véase el uso de "afirmación del contrato" en este link:

https://rua.ua.es/dspace/bitstream/10045/69697/1/tesis_vicen...

"Continuación de un contrato nulificable por una parte contratante en lugar de rescindirlo (debido a la tergiversación de la otra parte u otra razón) o considerar que se ha extinguido (debido al incumplimiento del contrato de la otra parte u otra razón), con pleno conocimiento de los hechos."
https://diccionariodenegocios.com/a/afirmacion-del-contrato/

"Where a repudiatory breach of contract occurs, the innocent party must elect either to treat the contract as terminated (acceptance of the repudiation), or to treat it as continuing (**affirmation of the contract**).
Affirmation can only take place if the innocent party knows of the breach and of his right to choose between terminating and affirming the contract. Affirmation will often be implied if the innocent party knows of the breach and of his right to choose and acts in a manner consistent with treating the contract as continuing.
Although the innocent party does have time to elect whether to affirm or terminate, doing nothing for too long may be seen as an affirmation. Once an innocent party has affirmed a contract, the affirmation is irrevocable."
https://uk.practicallaw.thomsonreuters.com/4-385-1118?transi...
Selected response from:

Marta Moreno Lobera
Spain
Local time: 02:07
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1[opción de] afirmación/continuación [del Contrato]
Marta Moreno Lobera
4significar confirmación de este/dicho Acuerdo
David Hollywood


  

Answers


28 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
election to affirm
significar confirmación de este/dicho Acuerdo


Explanation:
or constitute an election to affirm this Agreement

significar confirmación de este/dicho Acuerdo

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Note added at 29 mins (2020-04-14 04:21:52 GMT)
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the "election" component is implicit in "significar"

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Note added at 39 mins (2020-04-14 04:31:37 GMT)
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No election to affirm this Agreement

Ninguna decisión (tomada) para confirmar este/dicho Acuerdo

David Hollywood
Local time: 21:07
Works in field
Native speaker of: English
PRO pts in category: 350
Notes to answerer
Asker: thank you!

Login to enter a peer comment (or grade)

11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
election to affirm
[opción de] afirmación/continuación [del Contrato]


Explanation:
Traducción:

...no constituirá la renuncia a estos o a otros derechos o recursos, no impedirá el ejercicio posterior de dichos derechos o recursos... ni supondrá que dicha parte ***haya optado por ratificar/afirmar el Contrato (dar continuidad al Contrato/mantenerlo como válido)***. La opción de afirmación del Contrato no será efectiva hasta que conste/se ratifique por escrito...

-------

Cuando una parte tiene conocimiento de un incumplimiento contractual que puede invalidar el contrato puede optar por rescindirlo o aceptar su rescisión, o por su continuación; en este caso, opta por la afirmación del contrato.

--------
Referencias:

Véase el uso de "afirmación del contrato" en este link:

https://rua.ua.es/dspace/bitstream/10045/69697/1/tesis_vicen...

"Continuación de un contrato nulificable por una parte contratante en lugar de rescindirlo (debido a la tergiversación de la otra parte u otra razón) o considerar que se ha extinguido (debido al incumplimiento del contrato de la otra parte u otra razón), con pleno conocimiento de los hechos."
https://diccionariodenegocios.com/a/afirmacion-del-contrato/

"Where a repudiatory breach of contract occurs, the innocent party must elect either to treat the contract as terminated (acceptance of the repudiation), or to treat it as continuing (**affirmation of the contract**).
Affirmation can only take place if the innocent party knows of the breach and of his right to choose between terminating and affirming the contract. Affirmation will often be implied if the innocent party knows of the breach and of his right to choose and acts in a manner consistent with treating the contract as continuing.
Although the innocent party does have time to elect whether to affirm or terminate, doing nothing for too long may be seen as an affirmation. Once an innocent party has affirmed a contract, the affirmation is irrevocable."
https://uk.practicallaw.thomsonreuters.com/4-385-1118?transi...

Marta Moreno Lobera
Spain
Local time: 02:07
Specializes in field
Native speaker of: Spanish
PRO pts in category: 410
Notes to answerer
Asker: Gracias, María Marta!


Peer comments on this answer (and responses from the answerer)
agree  Adrian MM.: Yes, by the 'innocent (non-defaulting) party' on a unilateral repudiation by one of the contract parties.
17 hrs
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