NCNDA – Non Circumvention Non Disclosure Agreement – a legally-binding agreement,
established to prevent a business and/or businesses from being bypassed or circumvented by other
parties involved in a deal. It also ensures that the business will receive full compensation
for its contribution.
SPA – Sales Purchase Agreement – is to be given and provided for signature after a full recap of the
order, specific order details, and confirmation of shipment during the attorney meeting.
SGS – Standard Global Service – is a multinational company headquartered in Geneva,
Switzerland which provides inspection, verification, testing and certification services. All SGS inspection
reports provided to clients can be verified online at sgs.com/en/inspection
IMFPA – Irrevocable Master Fee Protection Agreement is an irrevocable and binding legal agreement
between a buyer, a seller and a business broker
Production Deal: It is a fulfillment contract through 3M to complete orders over a longer period of time
and at a wholesale price. Time Frame: 10-300 Million per week.
Live Lots: It is a fulfillment contract through 3M to locate global stock, and complete orders over a faster
period of time. Time Frame: 7-10 Business Days depending on order size.
BCL: BANK COMFORT LETTER
CODE VIDEO: the buyer gives some text, the seller will print a paper and take video with it.
