/ɑrmz lɛŋθ/ – Phrase
Definition: theo sát văn từ mà thi hành.
A more thorough explanation: “Arm’s length” refers to a transaction or relationship between parties who are independent and act in their own self-interest, without any special relationship or undue influence. In legal terms, an arm’s length transaction is one in which the parties involved are acting independently and without any conflict of interest, ensuring fairness and transparency in the transaction.
Example: The parties involved in the transaction must act at arm’s length to ensure fairness and transparency in the deal.