The tripartite agreement in services and sales

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In the practice of commercial activities uncommon for the service provided or delivers the goods one person (firm) gets another, and the payer is the third.In this case, the best solution would be a tripartite agreement.In international relations, co-operation organizations, institutions, countries, such contracts are generally accepted and common forms of agreements.

In what situations has used a tripartite agreement?An illustrative example - voluntary insurance.In this case the natural or legal person acts as the policyholder.It is the same (or another person, for example, a child or a wholly owned subsidiary) can be insured and the third party is an insurance company.Similarly, the form used by the tripartite contract of guarantee.For example, for the procurement of goods in a certain amount of buyer must provide guarantees of payment, and for obvious reasons, he can not give them.In this case, between the buyer, seller and guarantor is a tripartite agreement in which the prescribed amount of liability, duration, amount of guarantees and conditions meet requirements.

in trading practices are often used such as the purchase contract.This may relate to the acquisition of real estate, when the object acquires one person from another, and the payment is made the third.In the supply chain tripartite contract delivery can be extremely useful, as it makes clear the relationship between the buyer, the supplier and the recipient.It clearly states who and under what conditions, receives the goods, who pays, how soon and in what form.It is especially important to take into account all the details (and what falls under the jurisdiction of any dispute resolution) in this form of contract between the exporter, importer and final recipient.Other such documents useful in trading activity can be the guarantee agreements, leasing, credit.

In services, operates a so-called three-way contract agreement.This service (for example, construction and installation work, network connection, web development, design services) is one person to another, and the payment of the third party takes (sponsored by the investor).The most common forms of agreements concluded in the event that one of the parties is a non-profit or charitable organization.A variety of commercial relations, in which one of the parties acts as an intermediary, can be considered a good or service is promoting the establishment of business relations.To guarantee the mediator has received the commission and the parties were sure that it does not exceed its authority, it is necessary to conclude a tripartite agreement.The document should be required to indicate the rights and duties of an intermediary, the supplier and the final consumer.In practice, often there are situations when the intermediary has fulfilled its part of the work, but any of the parties does not wish to pay for his services.To avoid this, you must also clearly articulate what would be considered "performing intermediary services" within the framework of this agreement.In some cases, such implementation may be considered as the organization of a meeting of contractors, in others - only after the transfer of funds to the seller can get their intermediary remuneration.