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This means that if you have sub-suppliers for a contract you are responsible for, then you can "pass" the commercial/technical problems/claims that you receive direcly to your subsuppliers, i.e. if you agree something with your customer regarding guarantees or equipment to be supplied and how problem comes up then if you have back-to back agreement with YOUR subsuppliers you can "pass" directly the problem to them and they shall be able to take the responsibility. Normally Back to Back TECHNICAL agreements are common, but Back to Back Commercial Agreements are less frequent.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoBack to back agreement is a form of contract where there is another entity that has the same liabilities and responsibilities as the principal person of the contract. There are two types of back to back agreement, technical and commercial agreements.
Wiki User
∙ 9y agoBack-to-back agreements are light forms of partnership that is used in commercial situations and is typically for one specific project. It incorporates the main contract terms by reference.
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What rhymes with vehement?
2 syllables: bement 3 syllables: agreement 4 syllables: case agreement, disagreement, in agreement, sales agreement 5 syllables: gender agreement, labor agreement, merger agreement, number agreement, person agreement, purchase agreement, working agreement, written agreement 6 syllables: collective agreement, employment agreement, general agreement, gentlemen's agreement, licensing agreement 7 syllables: acquisition agreement, articles of agreement, distribution agreement
How do you certify a letter of agreement between two people?
By having the agreement notarized.By having the agreement notarized.By having the agreement notarized.By having the agreement notarized.
What is the gentleman agreement?
A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.
What is Gentleman Agreement?
A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.
What does assent?
agreement agreement
What is a bilateral agreement?
what is a bilateral agreement?
Which word has the closest meaning to the word treaty?
Agreement
Can a party to an agreement impose a term to the agreement during the performance of the agreement?
Your liability is limited to the contract agreement signed.
Agreement between the president and the leader of another country?
executive agreement executive agreement
What was the Kyoto agreement?
The Kyoto agreement is an international agreement that deals with working to reduce emission The Kyoto agreement was signed in 1997.
What does assent means?
agreement agreement
What assent mean?
agreement agreement
