/raɪt ʌv kɑntrɪˈbjuʃən/ – Phrase
Definition: quyền bồi hoàn.
A more thorough explanation: The legal English definition of the term “right of contribution” refers to the right of one party to recover a proportionate share of a debt or obligation from other parties who are jointly liable for that debt or obligation. This right typically arises in situations where multiple parties are responsible for a common liability, such as in cases of joint tortfeasors or co-guarantors. The right of contribution allows each party to seek reimbursement from the other parties for their respective shares of the liability, based on their proportionate fault or obligation.
Example: In the settlement agreement, it was determined that each party had a right of contribution towards the costs incurred in resolving the dispute.