Business Broker Contract Template for United Arab Emirates

The Business Broker Contract is essential for formalizing professional relationships between licensed business brokers and clients in the UAE market. This document is typically used when engaging a broker to facilitate business sales, acquisitions, or other commercial transactions. The agreement must comply with UAE federal laws, particularly the Commercial Agency Law (Federal Law No. 18 of 1981) and relevant emirate-specific regulations. It outlines crucial elements including scope of services, commission structures, confidentiality obligations, and compliance requirements. The Business Broker Contract serves as a protective mechanism for all parties involved while ensuring transparency and legal compliance in business brokerage activities within the UAE jurisdiction.

1. Parties: Identification of the broker and the client, including full legal names, licenses, and registered addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Key terms used throughout the agreement, including specific business terminology

4. Appointment and Scope: Formal appointment of the broker and detailed scope of services to be provided

5. Broker's Rights and Obligations: Detailed listing of the broker's responsibilities, duties, and authorized activities

6. Client's Rights and Obligations: Client's responsibilities, including information provision and cooperation requirements

7. Commission Structure: Detailed breakdown of fees, commission rates, and payment terms

8. Confidentiality: Provisions regarding handling of confidential information and trade secrets

9. Term and Termination: Duration of the agreement and conditions for termination

10. Non-Competition and Non-Solicitation: Restrictions on competitive activities and client solicitation

11. Representations and Warranties: Standard declarations about capacity, authority, and compliance with laws

12. Liability and Indemnification: Extent of broker's liability and mutual indemnification provisions

13. Governing Law and Jurisdiction: Specification of UAE law application and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including force majeure, notices, and amendments