What is the meaning of non-circumvention?

circumvention clause is a restraint on trade. It prevents the party subject to the clause from going directly to the other party's suppliers or client, with the intention of bypassing (or circumventing) them and contracting with them directly, thereby harming the other party's business.

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NonDisclosure and Non-Circumvent Agreement in Connection with REO -...

Bronx New York NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business

Name: Bronx New York NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business
Brand: US Legal Forms
Rating: 4.64 (332 reviews)

Category:

Real Estate - Contracts

State:

Multi-State

County:

Bronx

Control #:

US-01910BG

Format:

Instant download

Description

A REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. It is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.

After repossession and the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own. It will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker.

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How to fill out Bronx New York NonDisclosure And Non-Circumvent Agreement In Connection With REO - Real Estate Owned - Sales Business?

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FAQ

Disclosing Party means the party disclosing Confidential Information to the other party, including any Affiliate of such other party. Receiving Party means the party receiving Confidential Information from the other party, including any Affiliate of such other party.

A confidentiality (or nondisclosure) and non-circumvention agreement to be used by a party that wants to both prevent a counterparty's misuse of its confidential information and prevent the counterparty from working directly with the disclosing party's business contacts in a manner that damages the disclosing party.

Parties The parties to the confidentiality agreement will be the potential buyer and seller. It describes the buyer as the Receiving Party and the seller as the Disclosing Party. In case the buyer has few or no assets, then a guarantor may also be involved.

Are Non-Circumvention Agreements Legally Binding? Yes, a non-circumvention contract is a legally binding agreement. This type of agreement guarantees that a party who has been wronged by a breach can sue another business partner.

circumvention clause is a restraint on trade. It prevents the party subject to the clause from going directly to the other party's suppliers or client, with the intention of bypassing (or circumventing) them and contracting with them directly, thereby harming the other party's business.

Also known as a non-disclosure agreement, a non-circumvention agreement is a legally-binding agreement that is established to prevent a business from being bypassed or circumvented by other parties involved in a business deal.

An NCNDA is an agreement that is commonly used in the preliminary stages of a business transaction where the seller and buyer do not know each other but are brought into contact with each other by one or more intermediaries or brokers to fulfill the transaction.

The purpose of a non-circumvention (or non-circumvent) agreement is to prevent one or more parties from being passed over in a transaction, leaving them without full compensation for their labor or involvement.

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Alan I. Byer Family Trust c. During this period I observed an increase in the practice of setting price floors.SPCs May Not be Suitable Investments for You. The SPCs are complex securities. All of the Mortgages and the Underlying Trust's interest in REO Properties remaining in the Underlying. Believe is among the best gaming statutes adopted in the United States. This technical paper was written under the direction of Lawrence S. McGinn, Chief, American. Tampa Bay Rays have a lease agreement with the stadium that ends in 2027. A Broker's Guide to Pre-Contract Due Diligence and Disclosure. Classr. Dur. Checked for loan ownership.

Bronx New York NonDisclosure and Non-Circumvent Agreement in Connection with REO - Real Estate Owned - Sales Business

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