IMFPA Irrevocable Master Fee Protection Agreement
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Index of the contract
Irrevocable payment confirmation of intermediary´s fee Annexes |
Description
The IMFPA Agreement (Irrevocable Master Fee Protection Agreement) is a type of contract used in foreign trade, mainly for the purchase of commodities or merchandise negotiated in bulk (food, raw materials, minerals), whose objective is to protect the fee (commission) of the intermediary (broker) who mediates in the transaction. The fee is only paid, either for the buyer or the seller or both, when the transaction is completed and the commission is automatically transferred from the buyer´s or seller’s bank account to the broker´s account. This model contract template is generally undertaken with other contracts such as the International Broker Agreement and the NCND Non-Circumvention & Non-Disclosure Agreement. The language of this contract is English. It is available also in Spanish. |