avräkning på skadeståndet

English translation: on account of damages

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:avräkning på skadeståndet
English translation:on account of damages
Entered by: dmesnier

23:09 Jan 12, 2021
Swedish to English translations [PRO]
Law/Patents - Law: Contract(s) / Distribution agreement
Swedish term or phrase: avräkning på skadeståndet
Hi, I'd like to see if I'm parsing this correctly - my version seems a bit illogical.

XXXXX has the right [....] to retain compensation intended for the Company under this agreement in the settlement of damages.

XXXXX äger därvid rätt [....] innehålla Bolaget tillkommande ersättning enligt detta avtal i avräkning på skadeståndet.

The full paragraph is below. As you see it is all about the Company compensating XXXXX in the case of a breach, but the final phrase seems to refer to compensation being paid to the Company. THANKS FOR YOUR HELP!

Bolaget ska hålla XXXXX skadelös och ersätta XXXXX för den skada som XXXXX kan lida på grund av brott mot ovanstående garantier och Bolagets övriga åtaganden enligt detta avtal. Detta innefattar en rätt för XXXXX till ersättning för förlust eller kostnader (inklusive kostnader för juridisk rådgivning) som kan uppkomma i samband med att Bolaget inte fullgjort sina åtaganden enligt detta avtal. XXXXX äger därvid rätt att intill dess att skadeersättning blivit fastställd genom dom eller överenskommelse innehålla Bolaget tillkommande ersättning enligt detta avtal i avräkning på skadeståndet.
dmesnier
United States
Local time: 12:13
on account of damages
Explanation:
XXXXX äger därvid rätt [....] innehålla Bolaget tillkommande ersättning enligt detta avtal i avräkning på skadeståndet.

xxxxx shall in the event be entitled to withhold such compensation as is due to the Company hereunder on a/c of > to be set / off / against < the damages payable.
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks for all your fine help!
4 KudoZ points were awarded for this answer



Summary of answers provided
3on account of damages
Adrian MM.
3in lieu of damages
SafeTex


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
i avräkning på skadeståndet
on account of damages


Explanation:
XXXXX äger därvid rätt [....] innehålla Bolaget tillkommande ersättning enligt detta avtal i avräkning på skadeståndet.

xxxxx shall in the event be entitled to withhold such compensation as is due to the Company hereunder on a/c of > to be set / off / against < the damages payable.


    Reference: http://www.proz.com/kudoz/swedish-to-english/business-commer...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks for all your fine help!
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
in lieu of damages


Explanation:
I think in lieu of is okay here as if company XXX has retained 50,000 Euros and then company YYY is ordered to pay company XXX 120,000 euros, then I'm sure that company YYY will only pay 70,000 more Euros to them. Company XXX is not going to take the chance of returning the money withheld to YYY and then hope that YYY will pay out the entire 120 000 Euros as per the judgement. Far too risky.
So any money retained is in lieu of the damages awarded

SafeTex
France
Local time: 18:13
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 23
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