In today’s globalized business environment, dealing with foreign buyers or vendors has become routine for many South Korean companies. As such, the translation and understanding of English contracts are crucial. These documents are essential not only for daily operations but also for ensuring legal accuracy and preventing disputes. Today, we delve into the complexities of translating the term “whereas,” often seen in legal documents.
✅ Importance and Translation of the Term “Whereas”
Translating English contracts involves more than just converting words from one language to another; it requires a deep understanding of legal terminologies and their implications. The term “whereas” typically introduces a statement in legal contracts and is used to outline the reasons behind the agreement. In everyday language, “whereas” might compare two facts, but in legal documents, it sets the context without bearing legal force.
- “WHEREAS, the Seller is selling substantially all of its assets to the Company in accordance with the Asset Acquisition Agreement, dated the first day of February 20XX (the ‘Acquisition Agreement’);”
- Korean: “매도인은 20XXX년 2월 1일자 자산양수도계약 (이하 “인수계약”)에 따라 자신의 자산의 대부분을 회사에 매도하고 있다.”
This highlights the importance of experienced translators in handling legal documents where complex terms and conditions are involved. Legal terms might appear in multiple documents, requiring consistent and accurate translation to avoid any legal pitfalls.
🧑🏫 Bering Lab’s Solution for English Contract Translation
To meet market demands, Bering Lab offers an AI legal translator developed in collaboration with legal experts. This translator combines Bering Lab’s specialized AI technology with the experience of legal professionals, providing performance far superior to standard generic translators. Users can perform initial translations using Bering Lab’s engine, which are then reviewed by professional lawyers to finalize the contracts. This process significantly reduces the time and cost involved in translations.
Bering Lab’s direct expert-reviewed service, BeringAI+, also offers substantial time and cost savings throughout the translation process. Currently, more than 130 law firms globally utilize our services, along with active usage by global corporations. Trusted by top-tier domestic law firms, Bering Lab provides translations that are 3 times faster and 40% cheaper than the competition through BeringAI and BeringAI+ services. Experience the high quality of our precise legal translations, including contract translations, vetted by lawyers.
Contact Bering Lab now to inquire about our expert-reviewed contract translation services!
