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Broker Intermediary Agreement
"I need a Broker Intermediary Agreement for my Dubai-based real estate company to engage multiple brokers across the UAE, with specific provisions for commission structures based on property values and the ability to terminate with 30 days' notice."
1. Parties: Identification of the principal and broker, including full legal names, addresses, and registration details
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of broker's appointment and detailed scope of services
5. Broker's Obligations: Detailed responsibilities and duties of the broker
6. Principal's Obligations: Responsibilities and duties of the principal
7. Commission Structure: Details of broker's compensation, including rates, calculation methods, and payment terms
8. Term and Termination: Duration of the agreement and circumstances for termination
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation
11. Representations and Warranties: Standard representations and warranties from both parties
12. Liability and Indemnification: Scope of liability and indemnification obligations
13. Force Majeure: Provisions for unforeseen circumstances preventing performance
14. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes
15. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Regulatory Compliance: Specific compliance requirements when dealing with regulated industries (e.g., financial services, real estate)
2. Insurance Requirements: Detailed insurance obligations when specific coverage is required
3. Performance Metrics: Specific KPIs and performance standards when quantifiable targets are needed
4. Marketing and Branding: Guidelines for use of principal's brand when broker represents principal publicly
5. Data Protection: Specific data handling requirements when personal data processing is involved
6. Training and Support: Details of training and support provided by principal when required
7. Shariah Compliance: Specific provisions for ensuring Shariah compliance when dealing with Islamic financial products
8. Sub-brokers: Provisions regarding appointment and management of sub-brokers when allowed
1. Schedule 1 - Commission Rates: Detailed breakdown of commission structures and calculations
2. Schedule 2 - Territory: Definition of geographical areas or market segments covered
3. Schedule 3 - Products/Services: Detailed list of products or services covered by the agreement
4. Schedule 4 - Reporting Requirements: Templates and specifications for required reports
5. Schedule 5 - Service Level Agreement: Detailed performance standards and metrics
6. Appendix A - Required Licenses: Copies or details of required regulatory licenses and permits
7. Appendix B - Contact Details: Key contact information for both parties
8. Appendix C - Compliance Procedures: Detailed compliance procedures and requirements
Authors
Applicable Laws
Broker
Brokerage Services
Business Day
Commission
Confidential Information
Customer
Effective Date
Force Majeure Event
Intellectual Property Rights
Principal
Products
Services
Territory
Term
Termination Date
Transaction
UAE
Regulatory Authority
Sub-broker
Net Sales Price
Performance Metrics
Quarter
Regulatory Licenses
Commission Period
Target Market
Marketing Materials
Compliance Requirements
Due Diligence
Good Industry Practice
Material Breach
Payment Terms
Purchase Order
Related Party
Sales Report
Service Levels
Shariah Compliant
Trade Secrets
Working Hours
Scope of Services
Territory
Exclusivity
Commission
Payment Terms
Broker Obligations
Principal Obligations
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Term
Termination
Force Majeure
Indemnification
Limitation of Liability
Insurance
Regulatory Compliance
Anti-Corruption
Data Protection
Record Keeping
Audit Rights
Assignment
Sub-Contracting
Notice
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Waiver
Third Party Rights
Counterparts
Language
Shariah Compliance
Performance Standards
Marketing and Promotion
Reporting Requirements
Financial Services
Real Estate
Insurance
Investment Banking
Commodities Trading
Import/Export
Retail Distribution
Manufacturing
Technology Services
Healthcare
Telecommunications
Construction
Energy
Professional Services
Legal
Commercial
Business Development
Sales
Compliance
Operations
Procurement
Channel Management
Partnerships
Distribution
Risk Management
Contract Administration
Legal Counsel
Commercial Director
Business Development Manager
Sales Director
Compliance Officer
Contract Manager
Chief Operating Officer
General Manager
Procurement Manager
Channel Manager
Partnership Manager
Distribution Manager
Regional Sales Manager
Chief Legal Officer
Regulatory Affairs Manager
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