bei Ausspruch der Option keine Verpflichtung zur Eigenabnahme

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

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
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
Entered by: Lorna O'Donoghue

11:54 May 29, 2015
German to English translations [PRO]
Law/Patents - Music / Music publishing contract
German term or phrase: bei Ausspruch der Option keine Verpflichtung zur Eigenabnahme
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.
Lorna O'Donoghue
Local time: 16:10
upon exercise of the option,...is under no obligation to buy
Explanation:
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.)
Selected response from:

heidi (X)
Grading comment
Thank you, everybody, for your help. Much appreciated.
4 KudoZ points were awarded for this answer



Summary of answers provided
4upon exercise of the option,...is under no obligation to buy
heidi (X)


Discussion entries: 5





  

Answers


17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
upon exercise of the option,...is under no obligation to buy


Explanation:
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.)

heidi (X)
PRO pts in category: 4
Grading comment
Thank you, everybody, for your help. Much appreciated.
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