for valuable consideration of the terms and conditions

12:21 Jun 10, 2020
English to German translations [PRO]
Bus/Financial - Law: Contract(s)
English term or phrase: for valuable consideration of the terms and conditions
This part really throws me off. For valuable consideration should mean that there is some sort of payment involved, while consideration of the terms should mean taking into account these terms. Does anyone have any idea how to interpret this here?

The context: An agreement to delegate the reporting duties under European law with regard to OTC derivative transactions.

"The delegation of reporting shall be conducted by the Reporting Delegate **for valuable consideration of the terms and conditions** in the respective client agreement and/or ISDA agreement that may exist between the parties prior to or subsequent to the execution of this Agreement."
Oliver Knaupe
Germany


Summary of answers provided
4zur angemessenen Betrachtung / Annahme der Geschäftsbedingungen
Renate Radziwill-Rall
3gegen die (fingierte) wertersetzende Gegenleistung der Erfüllung der Geschäftsbedingungen
Adrian MM.


Discussion entries: 7





  

Answers


23 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
zur angemessenen Betrachtung / Annahme der Geschäftsbedingungen


Explanation:
-

Renate Radziwill-Rall
France
Local time: 02:00
Specializes in field
Native speaker of: Native in GermanGerman, Native in FrenchFrench
PRO pts in category: 47
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
for valuable consideration of the terms and conditions
gegen die (fingierte) wertersetzende Gegenleistung der Erfüllung der Geschäftsbedingungen


Explanation:
.... for valuable but not good consideration (e.g. of natural live and affection between family members).

Here there is a scratching and scraping around to find a quid pro quo - also eine total fingierte Gegenleistung bzw. unechter Ausgleich zur Geltung im eng. Schuldrecht.

Noch einmal, zum Zitieren unseres ehemaligen Lektors für dt. Recht an der Uni. in Südengland: 'Ha, ha! German law has done perfectly well without the English Common law concept of contract consideration!' (a contract in Eng law needs to be supported by good or valuable consideration).

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Note added at 1 hr (2020-06-10 14:12:56 GMT)
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good consideration: natural *love* and affection.

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Note added at 1 jour 21 heures (2020-06-12 10:13:31 GMT)
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Beim Nachdenken vermute ich noch zur wertersetzenden und nicht werthaltiger oder wertvollen Gegenleistung des 'valuable consideration' entweder 1. der Erfüllung > the client's counter/performance 2. des Abschlußes > entry into oder 3. doch der An- bzw. Abnahme > the delegate's acceptance der T&C.

Example sentence(s):
  • Gabler: In einigen, weiteren Fällen, in denen die Voraussetzungen eines Leistungsaustausches nicht gegeben sind, fingiert das Gesetz jedoch dennoch einen Leistungsaustausch: (1) unentgeltliche Wertabgaben; (2) Verbringung.
  • Der Rückzahlungsanspruch besteht ...hinsichtlich der geleisteten Krankenbezüge und der während derArbeitsunfähigkeit geleisteten Zuschüsse, weil der Arbeitgeber während der Arbeitsunfähigkeit keine wertersetzende Gegenleistung erhalten hat-

    Reference: http://eng.proz.com/kudoz/english-to-german/law-contracts/48...
    Reference: http://wirtschaftslexikon.gabler.de/definition/leistungsaust...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
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