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Tripartite Agreement For Supply Of Goods

2. Part A is not responsible for the quality of the products concerned. If Part B objects to the quality of the goods, it negotiates with Part C alone and is not entitled to pursue a breach of contractual liability with Part A in accordance with the sales contract; If the return of the goods is necessary, Part B may charge Part A with the processing costs. 3. Part C ensures that the goods delivered to Part A strictly comply with the provisions of the import contract with respect to place of origin, specifications and quantities; In the event of a deviation, Part C assumes all legal debts and compensates Part A for customs penalties thus imposed. . Notwithstanding agreements 6, 7 and 8, this tripartite agreement between THE CLIENT, the contractor and the bank is automatically terminated by the transmission of a written notification to the Bank if the contracts are not renewed or terminated. This tripartite contract automatically ends at the end of the deadline (6). 1. Both parties have agreed, through friendly negotiations, that Part B will purchase the goods under this agreement and the contract to Part C of this agreement; The bank agrees not to reach an agreement with another party on the implementation of the main responsibility for this tripartite agreement without the prior written approval of the CLIENT. 3) Part B authorizes Part A to sign the “import contract” on the date of Part A on behalf of Part A on the date of the aforementioned goods; The parties to the aforementioned purchase and import agreement have agreed on certain issues of the aforementioned purchase and import contract, and this agreement is hereafter signed. PandaTip: Simply put, a tripartite agreement is an agreement between three parties. You could have a tripartite confidentiality agreement, a tripartite non-competition agreement – you call it.

However, tripartite agreements are most common when banks are involved in a transaction. That is why we have taken a little free hand and created here a model for such a tripartite agreement.