Knock for knock agreement

 

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Knock for knock agreement

Although it currently rarely applies, this is a motor insurance term describing an agreement between insurance companies where each pays the claims of its own clients following an accident. This principle applies irrespective of blame and seeks to save time and expense. One of the parties involved in such circumstances may however seek to sue the other and if successful may claim from the other's insurers.



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Bilateral agreement

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Further Suggestions

Forward rate agreement (FRA)
Option agreement
Smithsonian Agreement
Equity contribution agreement
Europe Agreement
General Agreement on Tariffs and Trade
Plurilateral agreement
Bretton Woods Agreement
General Agreement on Tariffs and Trade (GATT)
tenancy agreement
Multilateral agreement
Tolling agreement
Agreement in principle
Association Agreement
Preferred stock agreement
Selected dealer agreement
Lending agreement
Double tax agreement
Bond agreement
Franchise agreement
European Monetary Agreement
Reciprocal trade agreement
Schengen Agreement
Note agreement
ABC agreement


 
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