NCNDA
Non-Circumvention, Non-Disclosure Agreement. It protects every party in a transaction chain from being bypassed and keeps commercial information confidential.
Non-circumvention
No bypassing
No party contacts or deals with introduced principals without the introducer.
Non-disclosure
Confidential data
Names, prices, bank and contract details stay confidential.
Commission
Protected fees
Agreed commissions are recorded and protected for each party.
Term
Duration [confirm]
[Term and renewal to be confirmed by Hot Point Group.]
When
Required when intermediaries are involved
- A broker, mandate or trader introduces a buyer or seller
- Principal contact or bank details are about to be shared
- Commissions have to be recorded
- Direct end buyers usually do not need an NCNDA