Legal Translation Guidelines, Explained by a Lawyer: “Hereunder”

In today’s global marketplace, it’s increasingly common for Korean companies to engage in transactions with international buyers or vendors. As such, English-language contracts have become a staple in dealings with foreign counterparts.

Often, international partners will either request contracts to be drafted in English or require the translation of English contracts into Korean for internal purposes. However, translating these documents is far from straightforward.

๐Ÿค” One term that frequently causes confusion is “Hereunder“. But what does it mean exactly?

Hereunder” is commonly found in various contracts, meaning ‘under this agreement’. Let’s explore some examples!

๐Ÿ‡บ๐Ÿ‡ธ “that in no event shall Parent be obligated hereunder to discharge the Closing Date SVB Debt to the extent that the Closing Date SVB Debt exceeds $5,500,000”

๐Ÿ‡ฐ๐Ÿ‡ท โ€์–ด๋– ํ•œ ๊ฒฝ์šฐ์—๋„ โ–ช๏ธ๋ณธ ๊ณ„์•ฝ์— ๋”ฐ๋ผโ–ช๏ธ ๊ฑฐ๋ž˜์ข…๊ฒฐ์ผ SVB ๋ถ€์ฑ„๊ฐ€ 5,500,000๋‹ฌ๋Ÿฌ๋ฅผ ์ดˆ๊ณผํ•˜๋Š” ๊ฒฝ์šฐ, ๋ชจํšŒ์‚ฌ๋Š” ๊ฑฐ๋ž˜์ข…๊ฒฐ์ผ SVB ์ฑ„๋ฌด๋ฅผ ์ดํ–‰ํ•  ์˜๋ฌด๋ฅผ ๋ถ€๋‹ดํ•˜์ง€ ์•„๋‹ˆํ•œ๋‹ค.โ€

๐Ÿ‡บ๐Ÿ‡ธ โ€provided, however, that in no event shall Parent be obligated hereunder to pay the Closing Date Company Transaction and Legal Expenses to the extent that the sum of:โ€

๐Ÿ‡ฐ๐Ÿ‡ทย โ€๋‹ค๋งŒ, ์–ด๋– ํ•œ ๊ฒฝ์šฐ์—๋„ โ–ช๏ธ๋‹ค์Œ ๊ฐ ํ˜ธโ–ช๏ธ์˜ ํ•ฉ๊ณ„ ๋ฒ”์œ„ ๋‚ด์—์„œ ๋ชจํšŒ์‚ฌ๋Š” ๊ฑฐ๋ž˜์ข…๊ฒฐ์ผ ํšŒ์‚ฌ ๊ฑฐ๋ž˜ ๋ฐ ๋ฒ•๋ฅ  ๋น„์šฉ์„ ์ง€๊ธ‰ํ•  ์˜๋ฌด๋ฅผ ๋ถ€๋‹ดํ•˜์ง€ ์•„๋‹ˆํ•œ๋‹ค:โ€

Navigating the complexities of English contract translations requires experience, as such intricate expressions frequently recur in documents. However, professionals with this level of expertise are scarce, leading to significant time and cost implications for contract translations. ๐Ÿ˜ฃ

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