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Wrong Pockets Clause

Portuguese translation: cláusula de destinação indevida / cláusula de apropriação indébita

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Wrong Pockets Clause
Portuguese translation:cláusula de destinação indevida / cláusula de apropriação indébita
Entered by: Andre Lange (X)

20:10 Jul 27, 2019
English to Portuguese translations [PRO]
Law/Patents - Law (general)
English term or phrase: Wrong Pockets Clause
Wrong Pockets Clause

This clause is commonly found in share sale agreements and seeks to cater for inadvertent and, perhaps unknown, "wrong" ownership of assets. It provides for assets which have been attributed to the target company and which are subsequently identified to be owned by another member of the other group (i.e. "in the wrong pocket") to be transferred back to the target company at no further expense to the buyer.
Andre Lange (X)
Brazil
Local time: 11:23
cláusula de destinação indevida / cláusula de apropriação indébita
Explanation:
https://www.google.com.br/search?biw=1002&bih=746&ei=S388Xai...
Selected response from:

Mario Freitas
Brazil
Local time: 11:23
Grading comment
Obrigado!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3cláusula de destinação indevida / cláusula de apropriação indébita
Mario Freitas
4 -1cláusula referente a possíveis erros de titularidade
Oliver Simões


Discussion entries: 2





  

Answers


30 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
wrong pockets clause
cláusula referente a possíveis erros de titularidade


Explanation:
I'm not sure that a specific term exists for this. This is how I would translate.

Oliver Simões
United States
Local time: 07:23
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
disagree  ulissescarvalho: Não é este o jargão jurídico
12 hrs
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
wrong pockets clause
cláusula de destinação indevida / cláusula de apropriação indébita


Explanation:
https://www.google.com.br/search?biw=1002&bih=746&ei=S388Xai...

Mario Freitas
Brazil
Local time: 11:23
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 615
Grading comment
Obrigado!

Peer comments on this answer (and responses from the answerer)
agree  imatahan
3 hrs
  -> Obrigado, Imatahan!
agree  ulissescarvalho: Resposta muito mais adequada no jargão jurídico. Bem melhor.
10 hrs
  -> Obrigado, Ulisses!
agree  Larissa Timm
3 days 19 hrs
  -> Obrigado, Larissa!
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