Tripartite Non Disclosure Agreement

What is a tripartite agreement? A tripartite agreement is essentially just a document outlining the details of an agreement between three separate parties, for example. B in the case of a transaction between two parties in which a bank is guarantor of one of the parties. 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). 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. In this tripartite agreement, the bank acts as guarantor of the contractor and assumes certain obligations regarding the transaction between the contractor and the client. We have no doubt that this tripartite agreement will require some additional adjustments for your specific objective, as there are an infinite number of possibilities.

Be sure to get the support of your legal counsel. 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. CET ACCORD (this “tripartite contract”) is effective from [Date] and is located between [CUSTOMER NAME] (hereafter referred to as “customer”); [CONTRACTOR NAME] (hereafter referred to as “contractors”), and [BANK NAME] (hereafter referred to as “bank”). The bank, the contractor and the client agree that no person other than the contracting parties is intended to be the beneficiary of the tripartite agreement or agreements, nor that another person has rights arising from those parties. If a foreclosure order is notified, enforcement or the opening of a concession procedure for the account, the bank will notify the CLIENT immediately. The Bank is not responsible (a) for the application of credits deducted from the COMPTE, or b) for determining whether a person has the right to obtain funds ordered or funds requested by the contractor. If the bank exercises due diligence after receiving written instructions from the CLIENT`s duly accredited representative or the contractor to the bank, it acts in this regard and is not liable to third parties for any action taken or not in accordance with these written instructions, including, but not only, instructions in the form of an electronic transmission. , file, mail or any other electronic statement or transaction, including automatic entry of the clearing house, or for violation of a warranty or warranty by the customer or contractor, as may be the case.