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Legal Framework

The architecture of trust, in four documents.

Every transaction follows the same sequence: confidentiality first, then a written offer, then bank confirmation. No step is left to verbal agreement; each document is the precondition for the next.

Documents

Each document is the precondition for the next.

NCNDA

Confidentiality & Channel Protection

Non-Circumvention, Non-Disclosure Agreement. Prevents parties from bypassing one another to deal directly and from disclosing identities without consent; term and scope are defined in the document.

Before the first meeting
COMMISSION

Commission Agreement

Commission is fixed in a written agreement with the seller and paid through the bank as shipment and payment take place.

At the offer stage
OFFER

Written Offer

The seller's written offer; binds product, specification, quantity, price, delivery and payment terms in writing.

After the buyer's written request
L/C

Confirmed Letter of Credit

An irrevocable, bank-confirmed letter of credit payable at sight; for regular shipments it can be renewed per cycle. Payment risk stays between banks.

After the sales contract
Transaction Flow

Six steps, one direction.

I.Introduction & NCNDA
II.Written request
III.Written offer
IV.Sales contract & commission agreement
V.L/C opening and confirmation
VI.Shipment & document presentation
Governing Law

Neutral law, neutral arbitration.

ENGLISH LAW

Contracts

Sales, commission and confidentiality agreements are governed by English law — the established reference for international commodity trade.

ICC PARIS

Arbitration

Disputes are resolved by International Chamber of Commerce (ICC) arbitration in Paris; the award is binding on the parties.

INCOTERMS 2020

Delivery

Delivery terms (FOB, CFR, CIF) and transfer of risk are defined under Incoterms 2020.

This page is for general information and does not constitute legal advice. The binding terms of each transaction are defined in the documents signed by the parties.

Let us build the framework together.

At the first meeting we share the NCNDA draft and define the transaction structure in writing.

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MADRIN DIŞ TİCARET LTD. ŞTİ. · MADRINTRADING.COM · ENGLISH LAW · ICC PARIS · NCNDA · L/C
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