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Broker To Broker Agreement
1. Parties: Identification of the broker entities entering into the agreement, including registration numbers and regulatory licenses
2. Background: Context of the agreement and brief description of each broker's business
3. Definitions: Key terms used throughout the agreement, including regulatory and industry-specific terminology
4. Scope of Cooperation: Nature and extent of the broker-to-broker relationship and permitted activities
5. Regulatory Compliance: Obligations regarding licenses, permits, and compliance with applicable laws and regulations
6. Services and Obligations: Detailed description of services to be provided by each party
7. Commission and Payment Terms: Fee structure, payment procedures, and commission sharing arrangements
8. Confidentiality: Protection of confidential information and trade secrets
9. Data Protection: GDPR compliance and data handling procedures
10. Anti-Money Laundering: AML/KYC obligations and procedures
11. Representations and Warranties: Standard and specific warranties regarding licensing, authority, and capacity
12. Liability and Indemnification: Allocation of risks and responsibilities between parties
13. Term and Termination: Duration of agreement and termination provisions
14. Governing Law and Jurisdiction: Application of Danish law and jurisdiction for dispute resolution
15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. White Labeling: Terms for using one broker's platform under another broker's brand - include when white label services are part of the arrangement
2. Intellectual Property: IP rights and licensing - include when proprietary trading platforms or technology are involved
3. Marketing and Promotion: Terms for cross-promotion and marketing - include when parties agree to joint marketing activities
4. Service Level Agreement: Specific performance metrics and standards - include for technical or platform-based services
5. Business Continuity: Disaster recovery and business continuity requirements - include for critical service relationships
6. Non-Competition: Restrictions on competitive activities - include when parties operate in overlapping markets
7. Insurance Requirements: Specific insurance coverage obligations - include for high-risk activities
8. Client Allocation: Rules for handling shared or referred clients - include when client sharing is part of the arrangement
1. Schedule 1 - Service Description: Detailed description of specific services and operational procedures
2. Schedule 2 - Fee Schedule: Detailed commission structures and payment calculations
3. Schedule 3 - Technical Requirements: Technical specifications and integration requirements
4. Schedule 4 - Compliance Procedures: Detailed compliance protocols and requirements
5. Schedule 5 - Contact Details: Key personnel and escalation contacts
6. Appendix A - Required Documentation: List of required regulatory and due diligence documents
7. Appendix B - Data Processing Agreement: Detailed GDPR-compliant data processing terms
8. Appendix C - Service Level Metrics: Specific performance indicators and measurement criteria
Authors
Applicable Law
AML Requirements
Authorized Person
Business Day
Broker Services
Client
Confidential Information
Commission
Compliance Requirements
Data Protection Laws
Effective Date
Financial Instruments
Force Majeure
GDPR
Intellectual Property Rights
Licensed Activities
Material Breach
Personal Data
Professional Rules
Regulatory Authority
Referring Broker
Receiving Broker
Services
Service Levels
Term
Territory
Trading Platform
Transaction
White Label Services
Working Hours
Danish FSA
MiFID II Requirements
Client Money
Due Diligence Requirements
KYC Requirements
Net Commission
Professional Client
Retail Client
Regulated Activities
Regulatory Licenses
Trade Secret
Trading Hours
Trading Venue
User Access
Definitions
Services
Regulatory Compliance
Licensing
Commission
Payment Terms
Client Management
Data Protection
Confidentiality
Anti-Money Laundering
Know Your Customer
Risk Allocation
Liability
Indemnification
Insurance
Intellectual Property
Force Majeure
Term
Termination
Warranties
Representations
Assignment
Subcontracting
Notices
Amendments
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Third Party Rights
Competition
Service Levels
Business Continuity
Record Keeping
Audit Rights
Marketing
Non-Solicitation
Non-Competition
Survival
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