The parties will maintain complete confidentiality regarding each other business sources and/or their Affiliates and will disclose such business sources only to named parties pursuant to the express written permission of this party who made available the source and,Ĭ. The parties will not in any manner solicit, nor accept any business in any manner from sources not their Affiliates, which sources were made available through this Agreement, without the express permission of the party who made available the source and,ī. NOW THEREFORE in consideration of the mutual promises, assertions and covenants herein and other good and valuable considerations, the receipts of which is acknowledged hereby, the parties hereby agree as follows:Ī. WHEREAS, the undersigned desire to enter a working business relationship to the mutual and common benefit of the parties hereto, including their affiliates, subsidiaries, stockholders, partners, co-ventures, trading partners, and other associated organizations (herein after referred to as “AFFILIATES”). This duty is in accordance with the International Chamber of Commerce Convention (I.C.C.). WHEREAS, the undersigned wish to enter into this Agreement to define certain parameters of the future legal obligations, are bound by a duty of Confidentially with respect to their sources and contacts. Non-Circumvention, Non-Disclosure & Working Agreement Presented financial instruments in this section most often are used in the conduct of international trade by companies, which consequently confirmed by the tendency of constant increase in the share of documentary transactions in international payments, can help reduce these risks in the implementation of foreign trade contracts The practice of international trade shows, the most appropriate, from the point of view of the search of consensus between the parties on foreign trade transactions are documentary collections and documentary credit.
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