This tripartite contract shall terminate automatically at the end of the period (6). PandaTip: Simply put, a tripartite agreement is an agreement between three parties. You could have a tripartite confidentiality agreement, a tripartite non-compete agreement – you call it. However, tripartite agreements are more common when banks are involved in a transaction. That is why we have left some freedom and created a model for such a tripartite agreement. In this tripartite agreement, the Bank acts as guarantor of the Contractor and assumes certain obligations in connection with the transaction between the Contractor and the Client. We have no doubt that this tripartite agreement will require additional adjustments for your specific purpose, as the possibilities are endless. Be sure to get help from your legal counsel. (3) Party B authorizes Party A to sign the “import contract” on the day of Part A on behalf of Party A on the day of the above-mentioned goods; The parties to the above-mentioned purchase and import contract have agreed on certain issues of the above-mentioned purchase and import contract, and this contract is signed below. 2. Part B instructs Party A to import the above-mentioned goods in accordance with Part C, but for technical reasons, Parts A and B signed the “contract of sale” of the goods on the day of the month and not the agent`s import contract; What is a tripartite agreement? A tripartite agreement is essentially just a document that describes, for example, the details of an agreement between three different parties. B in the case of a transaction between two parties in which a bank is the guarantor of one of the parties. 1.
Both Parties have agreed, through friendly negotiations, that Party B will acquire the goods under this Agreement and the Contract for Part C of this Agreement; 2. Party A shall not be responsible for the quality of the products concerned. If Party B contradicts the quality of the goods, it negotiates only with Party C and does not have the right to pursue a breach of contract with Party A in accordance with the purchase contract; If the return of the goods is necessary, Party B may charge the handling fee to Part A. 3. Part C shall ensure that goods delivered under Part A strictly comply with the provisions of the import contract with regard to place of origin, specifications and quantities; In the event of a deviation, Party C assumes all legal debts and compensates Part A for the customs penalties thus imposed. . The Bank undertakes not to enter into any agreement with any other party on the implementation of the primary responsibility of this Tripartite Agreement without the prior written consent of the CLIENT. Notwithstanding Agreements 6, 7 and 8, this tripartite agreement between THE CLIENT, the Contractor and the Bank shall be automatically terminated by sending written notice to the Bank if the Contracts are not renewed or terminated. DAKSHIN HARYANA BIJLI VITRAN NIGAM (hereinafter referred to as “owner or DHBVN, the expression of which includes its directors, company incorporated under the Companies Act, 1956) on the one hand and the bidder / distribution partner M / S ………….. having its registered office in the CLIENT has a lien on the account balances to ensure the reimbursement of all funds in the ACCOUNT whose privilege is greater than a lien or claim of the Bank or the Entrepreneur in connection with this Account.
PandaTip: Quite simply, a tripartite agreement is an agreement between three parties. You could have a tripartite non-disclosure agreement, a tripartite non-compete clause – you call it. However, tripartite agreements most often appear when banks are involved in a transaction. That is why we have taken some liberties and created here a model for this type of tripartite agreement. In this tripartite agreement, the Bank acts as guarantor for the contractor and assumes certain obligations in connection with the transaction between the contractor and the customer. .