What is NCND mean?

Answer 1

NCND stands for Non-Circumvention Non-Disclosure Agreement.

Non-Circumvention Non-Disclosure Agreement (NCND):

An agreement between two or more parties specifying that none of the parties will go around each other to transact directly with the originator of the transaction, nor will any of the parties disclose the particulars of the transaction covered by the agreement. The terms of the agreement normally include a specified period of time during which the agreement will remain in force, and make allowances for disclosure on the part of one party to the agreement with written permission from the other parties. NCND's are enforceable in civil court.

NCND's are used for any type of transaction in which an agent wishes to protect his commissions and contacts, or when proprietary information needs to be kept discreetly between agreeing parties.

The Scam: In the UNDERGROUND NETWORK NCND's are handed out right, left, and center. It is the very first request from one INTERMEDIARY to another. Often everything is crammed into one of these NCND's so that they may run several pages, with the signatory page being rife with parties to the agreement. Even commission figures are sometimes included, although commissions are part of a separate agreement in the normal course of business. One sure-fire way to spot a phony NCND is by a referral to the INTERNATIONAL CHAMBER OF COMMERCE (ICC) UCP500. The UCP500 is a booklet that outlines standard practices for DOCUMENTARY CREDITS and has absolutely nothing to do with NCND's.