Tripartite Collaboration Agreement
There is broad consensus that such tripartite cooperation represents a value that must be preserved. Epips are also very involved in this form of interaction and provide considerable resources. 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). 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. 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. 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, the contractor and the client agree to comply with the provisions of the annexes or the additions of this tripartite agreement that are incorporated into it. The client or his agents can request copies of the establishment and maintenance and transactions in the COMPTE at Customer`s expense. These copies must be available within a reasonable time. These records are kept by the Bank for a period of six (6) years after the end of the calendar year in which the registrations were established, unless the bank has been informed in writing by the CLIENT, prior to that date, that the retention of these records is necessary for an extended period of time for litigation or litigation. 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.