obligaciones post-terminación
Definition
This Spanish legal phrase translates to 'post-termination obligations' and refers to the duties and responsibilities that continue to bind a party even after a contract has officially ended. Think of it as the strings that remain attached after you close a business deal, such as keeping secrets, not stealing customers, or finishing up loose ends.
Example
If you sign a contract with a supplier that includes post-termination obligations, you might still be required to keep their pricing information confidential for two years after you stop doing business together.
Watch Out
Many business owners assume that signing a contract ending means all obligations disappear, but post-termination clauses can legally bind you to restrictions for months or even years after you walk away.
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.