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Glossary entry

German term or phrase:

bei Ausspruch der Option keine Verpflichtung zur Eigenabnahme

English translation:

upon exercise of the option,...is under no obligation to buy

Added to glossary by Lorna O'Donoghue
May 29, 2015 11:54
8 yrs ago
2 viewers *
German term

bei Ausspruch der Option keine Verpflichtung zur Eigenabnahme

German to English Law/Patents Music Music publishing contract
Der Vertrag tritt am ·~ in Kraft und gilt bis zum . Produktionsfirrna hat
eine Option auf Vertragsverlangerung um ein weiteres Jahr. Kuenstler hat bei Ausspruch der
Option keine Verpflichtung zur Eigenabnahme.
I would appreciate help understanding the last phrase here bei Ausspruch der
Option keine Verpflichtung zur Eigenabnahme. Thanks for your help.
Proposed translations (English)
4 upon exercise of the option,...is under no obligation to buy
Change log

May 29, 2015 17:22: writeaway changed "Field" from "Art/Literary" to "Law/Patents"

Discussion

Lorna O'Donoghue (asker) Jun 3, 2015:
Thanks Thank you, everybody, for your help. Much appreciated.
Hans-Jochen Trost May 29, 2015:
@Lorna You're right, and I think Birgit got the whole concept outlined right. Here are some references documenting that concept in the book business:
www.ewk-verlag.de/Ressourcen/BoDKalkulator.xlsx
http://f2293.nexusboard.de/t296533f18607-Wie-ist-das-mit-Pro...
http://www.unternehmer.de/marketing-vertrieb/162666-eigene-b...
Birgit Gläser May 29, 2015:
@Lorna your conclusion seems logical but you should be able to derive it from the rest of the contract. If there is a clause for the initial contract period that the artist has to buy X CDs if they are not sold to third parties, then this would mean this obligation is void if the company exercises the option for contract extension.
H. C. Centner May 29, 2015:
I think it refers to the fact that the artist is not obliged to renew the contract when given the option.
Lorna O'Donoghue (asker) May 29, 2015:
I think it refers to the artist buying some of the cds himself.

Proposed translations

17 hrs
Selected

upon exercise of the option,...is under no obligation to buy

Upon exercise of the option by the company, the artist(e) is under no obligation to buy (the CDs).

('Ausspruch' literally means pronouncement or notification, but these dictionary translations are best not used in the context.)
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4 KudoZ points awarded for this answer. Comment: "Thank you, everybody, for your help. Much appreciated."
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