vigencia del acuerdo
Definition
This Spanish legal phrase means the 'effective period' or 'term of the agreement,' referring to the specific window of time during which a contract is active and legally binding on all parties. Once this period begins, both sides must honor their obligations, and once it ends, the contract expires unless both parties agree to renew it.
Example
If your supplier contract states a vigencia del acuerdo of one year starting January 1st, then the contract automatically stops being enforceable on December 31st unless you both sign a renewal.
Watch Out
Never assume a contract renews itself automatically just because the business relationship continues past the expiration date, as you could lose legal protections without a signed renewal.
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.