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Nairaland Forum / Nairaland / General / Investment / Non -circumvention Agreement. (181 Views)
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Non -circumvention Agreement. by OpatolaEsq: 7:27am On Sep 20, 2020 |
We live in a world where everybody wants a cut . A cut in the business, a cut in the money or a cut for facilitating a deal or contract. A Non-circumvention Agreement helps to ensure that a party is not passed over in a transaction. That you get your cut. This is a Legal agreement used to prevent the possibility that a party or a group of persons will be passed over in a transaction or cutting them out of a business transaction, in a way that they are not paid or compensated for their labour or as agreed. In short, signing a non-circumvent agreement, it restricts parties from conspiring with each other to cut out a third party from the deal. Upon signing a non-circumvent agreement, It ensures that the business or person who was circumvented or passed over will receive full compensation for its contribution. In the event that a non-circumvention agreement is breached, the non-breaching party can sue for damages. You should consider a non-circumvention agreement where you are working with a party you cannot totally trust or where you just want to be on a safe side. Opatola Victor Esq. adeopatola@gmail.com 09041815408 , 07069687425 1 Like |
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