A B C D E F G H I J K L M N O P Q R S T U V W Y Z

NAFTA

A free trade agreement comprising Canada, Mexico and the United States. The objectives of the agreement are to eliminate barriers to trade, promote conditions of fair competition, increase investment opportunities and also provide protection for intellectual property rights and established…

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Named place

Sales terms, specially Incoterms, must be accompanied by a geographic locations such as: Named departure point. Named airport of departure. Named departure port. Named vessel. Named place of delivery at terminal. Named airport of destination. Named destination port. Named destination…

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NCND Non-circumvention non-disclosure agreement

Type of contract frequently requested by brokers or intermediaries under which buyers agree to refrain from going around the broker to deal directly with suppliers. These agreements sometimes refer erroneously to ICC Rules for Non-Circumvention Nod-Disclosure Agreements, which do not…

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NDA Non-disclosure agreement

Type of legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties. In the contract…

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Nearshoring

The transfer of business processes to companies in a nearby country, where both parties expect to benefit from one or more of the following dimensions of proximity: geographic, temporal (time zone), cultural, linguistic, economic, political, or historical linkages. Nearshoring is a…

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