contraparte
Definition
Contraparte is a Spanish legal term meaning 'counterparty,' which refers to the other person or business on the opposite side of a contract or agreement from you. If you sign a deal to sell your products to a retailer, that retailer is your contraparte because they are the one taking on the obligations that mirror your own.
Example
If you sign a supplier agreement with a restaurant to deliver fresh produce weekly, the restaurant owner is your contraparte because they are the other party bound by that contract.
Watch Out
Always research your contraparte before signing anything, because you are legally tied to their ability and willingness to hold up their end of the deal.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.