BILINGUAL CONTRACT TEMPLATE
(Non-Circumvention and Non-Disclosure)
The NCND Agreement is used primary for intermediaries in trade operations, such as agents, brokers and other forms of middlemen.
What is a NCND Agreement?
An NCND Agreement is used when you act as an intermediary between a buyer and seller. It prevents the other parties from circumventing and disseminate information provide by you. Its application are typical for ODM (original design manufacturing) products or for commodities which are not differentiated for the buyer.
A significant number of export transaction of Chinese products are derived from buying agents, product brokers and trading companies. In order to successfully and efficiently execute a trade operation, you may need to divulge buyer and seller information for purpose of delivery, warranty and payments. The NCND Agreement will secure your position and deter other involved parties from directly circumventing you or disclose proprietary information to a third party for purposes not outlined in the agreement. Our contract is bilingual, in Chinese and English, and is suited for the China market. It is adapted to meet Chinese commercial practices and to the standards of China's legal framework.
What is covered in the agreement?
Key Provisions in this Agreement:
Receiver and Discloser Information
Definition of Proprietary Information
Exception for Certain Information
Use of Proprietary Information
Duties with Respect to Third Parties
Terms of Termination
No Grant of License
Liabilities, Waiver and Remedies
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