Use Of Tripartite Agreement

These agreements are essentially „no-fault“ agreements, in which all parties agree to correct their own errors or negligence and not to make the other parties liable for omissions or errors committed in good faith. In order to avoid errors and delays, they often contain a detailed quality plan and determine when and where regular meetings will be held between the parties. But then again, all this can change in a subtle but important way depending on the country. He also points out that, while the idea is simple at the heart of tripartite agreements, the greater impact on internationally expanding companies is far from being the case. Last but not least, all this underlines the importance of cooperating with the right partner organization in the context of international expansion.