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The contarct is mandated by the seller or the buyer not by the trade company. Also once we reached the contract phase, it is too late to do any thing because the seller and the buyer already knew each other's address and phone number. Before the contract there is the LOI (letter of intention) from the buyer and FCO (full corporate offer) from the seller. On these two documents the address and the phone numbers of both are written. The instrument I am asking for should comes early before the seller and the buyer exchange their documents. I heard from some trade brokers that I shoud ask that my company's name should be included on the LC (letter of credit) issued by the buyer's bank. Also the LC comes after the seller and buyer knew each other.
What will happen if the buyer or the seller violated the NCNDA or the IMFPA we signed with them, Do we have to go to China or south Africa (their company's location) to sue them there? Do we have the right to have access to the contracts they sign from behind our backs to know whether they violated the agreement or not?
If international law is not your speciality, do you mind passing my questions to him/her?
Where is the answer to my first reply?
How a trade broker can prevent the buyer and the seller from bypassing him and signing a contract from behind his back without paying any compensation to him. The trade broker spent days and hours from his time to bridge the gap between the seller and the buyer, then he introduced them to each other. Once they know each other address and phone number they push the broker out of their way and deal with each other directly.
The NCNDA or the IMFPA they signed has no value because it is expensive to execute it by travelling to the end of the world with an attorney.
I did not ask my question just to tell me: "consult with an attorney"
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