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Tri Party Agreement
Tri Party Agreement
BY AND BETWEEN
AND
AND
Recitals:
WHEREAS, the Supplier is engaged in the business of manufacturing & supplying
of goods related to telecom industries;
WHEREAS, the Buyer wishes to purchase goods from the Supplier, and the
payment for such goods shall be facilitated by the Financial Company as per
Buyer's instructions and the agreed payment terms;
AND WHEREAS, The Buyer has/have approached the Lender for availing
financial credit for the purpose of purchasing the said goods and the Lender has
agreed to sanction the same subject to terms & conditions agreed between them
separately and this Agreement.
1. Supplier's Obligations:
1.1 The Supplier shall supply goods to the Buyer in accordance with the terms and
conditions mutually agreed upon between the Supplier and the Buyer in separate
purchase agreements or orders.
1.2 The Supplier shall invoice the Buyer for the goods supplied, including all
applicable taxes, and provide the same to the Buyer.
2. Buyer's Obligations:
2.1 The Buyer shall purchase goods from the Supplier in accordance with the terms
and conditions mutually agreed upon between the Supplier and the Buyer in
separate purchase agreements or orders.
2.2 The Buyer shall make payments for the goods directly to the Financial
Company, as per the payment instructions provided by the Buyer to the Financial
Company.
3.1 The Financial Company shall receive payments from the Buyer for the goods
supplied by the Supplier.
3.2 The Financial Company shall disburse payments to the Supplier on behalf of
the Buyer as per the payment instructions provided by the Buyer, in accordance
with the payment terms agreed upon between the Buyer and the Supplier.
3.3 The Financial Company shall maintain confidentiality regarding all financial
transactions and information related to this Agreement.
4. Indemnification:
Each party shall indemnify and hold harmless the other parties from and against
any claims, damages, liabilities, losses, and expenses arising out of or related to
any breach of this Agreement by such party.
This Agreement shall be governed by and construed in accordance with the laws of
the State of Uttar Pradesh. Any disputes arising under or in connection with this
Agreement shall be subject to the exclusive jurisdiction of the courts located in
Greater Noida.
6. Entire Agreement:
This Agreement constitutes the entire agreement between the parties and
supersedes all prior and contemporaneous agreements, understandings,
representations, and warranties.
Supplier:
Signature: ___________________________
Buyer:
Signature: ___________________________
Finance Company:
Signature: ___________________________