Agreement Between Brokers Template for United Arab Emirates

1. Non-Competition: Restrictions on competing activities, used when brokers want to prevent direct competition in specific markets

2. Marketing and Branding: Guidelines for co-branding and marketing activities, included when brokers plan joint marketing initiatives

3. Professional Insurance: Requirements for professional indemnity insurance, included when dealing with high-value properties

4. Data Protection: Specific provisions for handling personal data, included when dealing with international clients or sensitive information

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets

6. Assignment Rights: Terms for transferring rights under the agreement, included when brokers may need flexibility in corporate restructuring

1. Schedule 1 - Commission Rates: Detailed breakdown of commission percentages for different property types and transaction values

2. Schedule 2 - Territory Definition: Specific geographical areas covered by the agreement, including any exclusions

3. Schedule 3 - Required Documentation: List of standard documents required for transactions and compliance

4. Schedule 4 - Contact Details: Key personnel and emergency contacts for both parties

5. Appendix A - Broker Licenses: Copies of current broker licenses and registrations

6. Appendix B - Standard Operating Procedures: Detailed procedures for handling joint transactions and client management