Broker Referral Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Broker Referral Agreement

"I need a Broker Referral Agreement for my Dubai-based real estate company to establish a referral network with international property agents, including a 5% commission structure and compliance with RERA regulations."

Document background
This Broker Referral Agreement is designed for use in the United Arab Emirates business environment, where broker relationships are subject to specific regulatory oversight and legal requirements. The document is essential when establishing formal referral arrangements between parties where one party (the referring party) agrees to refer potential clients or business opportunities to a licensed broker. The agreement ensures compliance with UAE federal laws, including Federal Law No. 18 of 1993 (Commercial Transactions Law) and relevant industry-specific regulations. It includes detailed provisions for referral processes, compensation structures, compliance requirements, and risk allocation between parties. This document is particularly relevant in sectors requiring licensed intermediaries, such as real estate, financial services, and commercial trading, where formal referral arrangements need to be documented and regulated.
Suggested Sections

1. Parties: Identification of the referring party and the broker, including their full legal names, addresses, and licensing details

2. Background: Context of the agreement, including the nature of the broker's business and the purpose of the referral arrangement

3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Referral Fee', 'Qualified Lead', etc.

4. Appointment and Scope: Terms of the broker's appointment and the scope of referral services

5. Referral Process: Detailed procedure for making and accepting referrals, including any qualification criteria

6. Compensation: Structure of referral fees, payment terms, and calculation methods

7. Obligations of the Parties: Specific duties and responsibilities of both the referring party and the broker

8. Compliance with Laws: Commitment to comply with UAE laws, including relevant broker regulations and anti-money laundering requirements

9. Confidentiality: Protection of confidential information exchanged during the referral process

10. Term and Termination: Duration of the agreement and circumstances for termination

11. General Provisions: Standard clauses including governing law, notices, amendments, and dispute resolution

Optional Sections

1. Non-Compete: Restrictions on competitive activities, used when protecting market territory is important

2. Marketing and Branding: Guidelines for using each party's branding in referral activities, relevant when public marketing is involved

3. Insurance: Insurance requirements and coverage obligations, important for high-value or regulated sectors

4. Data Protection: Specific provisions for handling personal data, necessary when dealing with individual client information

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term arrangements

6. Training and Support: Details of any training or support provided by either party, useful in complex service arrangements

Suggested Schedules

1. Schedule 1 - Referral Fee Structure: Detailed breakdown of fee calculations, tiers, and special circumstances

2. Schedule 2 - Referral Process Flow: Step-by-step process flow for making and processing referrals

3. Schedule 3 - Required Documentation: List of documents required for valid referrals and compliance purposes

4. Schedule 4 - Reporting Templates: Standard forms for tracking and reporting referrals

5. Schedule 5 - Service Level Agreement: Specific performance metrics and service standards

6. Appendix A - Compliance Checklist: Checklist ensuring compliance with UAE broker regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Real Estate

Financial Services

Insurance

Business Consulting

Commercial Trading

Investment Services

Professional Services

Banking

Wealth Management

Property Development

Corporate Services

Relevant Teams

Legal

Compliance

Business Development

Sales

Operations

Partnerships

Commercial

Risk Management

Client Relations

Channel Management

Relevant Roles

Business Development Manager

Broker

Commercial Director

Compliance Officer

Legal Counsel

Partnership Manager

Sales Director

Chief Executive Officer

Operations Manager

Relationship Manager

Channel Manager

Agency Manager

Business Owner

Managing Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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