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What is a 'reciproca'l agreement?

This is a discussion on What is a 'reciproca'l agreement? within the Commercial Mortgages forums, part of the Mortgage and Loans Forum category; As a UK citizen, I have to have a Visa for Turkey. That's fine, because Turkish nationals have to have ...


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Old 02-03-2011, 07:33 AM
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Default What is a 'reciproca'l agreement?

As a UK citizen, I have to have a Visa for Turkey. That's fine, because Turkish nationals have to have a Visa for the UK.
Swiss nationals can enter Turkey with their ID Card - they don't need their passport, but Turkish nationals need a Visa to enter Switzerland.
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Old 02-24-2011, 11:32 AM
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This is an agreement that takes place between two or more states which facilitates both parties to enjoy certain privileges. A big example of such agreement is NAFTA that took place between USA and Canada.
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Old 05-28-2011, 10:01 AM
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A reciprocal agreement is definitely an agreement produced by several companies to make use of each other peoples assets throughout a tragedy.

Care ought to be taken with reciprocal contracts to make sure that the companies concerned are unlikely to be prone to exactly the same disaster. For instance, companies in close closeness may all have exactly the same evacuation order, area energy outage, telecommunications loss, ton, etc.

A Reciprocal Agreement can also be known as the Consortium Agreement.
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