ICC Model Occasional Intermediary Contract is a thoroughly researched Model Contract designed for intermediary transactions and includes a non-circumvention and non-disclosure agreement (NCND). It provides a balanced legal platform that takes into account the interests of all parties involved in intermediary agreements.
The Occasional Intermediary, unlike the Agent, provides certain services to the parties without any continuing obligation to develop the market. The definition of his rights and obligations has long been absent in the market place. This Model Contract, therefore, fills an important gap in the series of reliable documents to be used in international, as well as domestic, transactions.
The Special Conditions set out the terms specific to this type of contract.
- Definition of the services to be provided by the intermediary
- Description of the exclusive rights of the intermediary
- Other important issues related to intermediary transactions
The ICC Model Occasional Intermediary Contract takes its place among other respected ICC Model Contracts dealing with Commercial Agency, Distributorship, Franchising and Sales. These important instruments provide confidence to the parties, and to the trading community, that commercial transactions can be conducted according to internationally accepted principles.