IMFPA Irrevocable Master Fee Protection Agreement
Index of the contract
Irrevocable payment confirmation of intermediary´s fee
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.
The language of this contract is English. It is available also in Spanish.