Read, Abstract, Translate, to Avoid Surprises
We know we should always read the small print before we sign a contract because that’s where the nasty surprises can be hidden. When the contract is for a property purchase, lease agreement or a covenant, and it’s in another language, you have to be especially cautious.
Lease Abstraction is a fast and cost effective means to professionally abstract and translate key information from leases and other agreements that are in foreign languages, independently certify these as correct and provide these back to the client.
When you use this service, you decide what information you want abstracted from the document, translated and certified. This might be the name, address or company number of a party to a contract or details of a beneficial owner to help you conduct due diligence. If you are on-boarding a new client or engaged in a merger and acquisition, the Lease Abstraction process is a fast and easy way to check large volumes of legal documents that are in multiple languages without incurring the cost of a full legal translation. The cost of reading, abstracting and translating information is economical and transparent because prices are based on a cost per page and which is agreed in advance and fixed.
This service is also attractive to those who don’t want to put private data into Google translate, which could expose them to a breach of confidentiality and need the assurance that that the document has been read, abstracted and translated by a qualified linguist. Lease Abstraction is carried out by a vetted professional linguist who reads each page of the multilingual document, abstracts the information you require, translates it into your desired language and inserts this into a template. The work is supervised by a Today translations’ project manager who reviews the translated abstract, certifies it and returns it to you by secure data transfer.
If the linguist or project manager identifies any issues whilst reading the multilingual document, the manager will promptly inform you of these and follow your further instructions.
The Today Translations Lease Abstraction service is a ‘lite’ version of AMLiss™ which was created by the team of experts in linguistics and investigative techniques to help professionals in regulated sectors to identify and mitigate risks in multilingual communication.
Why Today Translations?
Today Translations pioneers security measures, becoming the first specialist language service provider in the world to achieve independent certification under ISO:27001 (the international information security standard) for its global operations. Organisations like the City of London Police, Cushman & Wakefield, Wilson James, and Tenet Law & Compliance are some of the organisations that use Today Translations’ Abstract service.
When you want some independent assurance before you sign an agreement that is in a foreign language or has been translated by another party, get a quote for a Translated Abstract from Today Translations.