Co Broker Agreement Template for Denmark

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Key Requirements PROMPT example:

Co Broker Agreement

Document background
The Co-Broker Agreement is essential for real estate professionals in Denmark seeking to formalize collaborative arrangements with other brokers or agencies. This document becomes necessary when two or more licensed brokers wish to work together on property transactions, share market opportunities, or expand their territorial reach while maintaining compliance with Danish regulations. The agreement typically includes detailed provisions for commission splitting, client handling procedures, marketing responsibilities, and data protection measures. It's particularly relevant in today's interconnected market where brokers increasingly need to collaborate to serve clients effectively across different regions or property specializations. The document must comply with Danish legal requirements, including the Estate Agents Act, GDPR, and anti-money laundering regulations, while also addressing practical aspects of the co-broking relationship such as marketing protocols and client communication procedures.
Suggested Sections

1. Parties: Identification of the cooperating brokers, including their business registration numbers and license details

2. Background: Context of the agreement and the brokers' intention to cooperate

3. Definitions: Key terms used throughout the agreement, including technical and industry-specific terminology

4. Scope of Cooperation: Defines the nature and extent of the co-broking relationship

5. Territory and Exclusivity: Geographical areas covered and any exclusivity arrangements

6. Commission Structure: Details of commission sharing, calculation methods, and payment terms

7. Responsibilities and Obligations: Specific duties of each broker, including client handling and property marketing

8. Marketing and Branding: Guidelines for joint marketing efforts and use of respective brands

9. Confidentiality: Protection of sensitive information and client data

10. Data Protection: GDPR compliance measures and data sharing protocols

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

12. Governing Law and Jurisdiction: Confirmation of Danish law application and dispute resolution procedures

Optional Sections

1. Non-Compete Clause: Restrictions on competing activities, used when brokers want to protect their market interests

2. Specialized Property Types: Specific provisions for handling particular property categories (commercial, luxury, etc.)

3. International Cooperation: Additional terms for cross-border transactions and international client handling

4. Training and Support: Provisions for shared training programs and mutual support services

5. Insurance Requirements: Specific insurance obligations beyond statutory requirements

6. Marketing Budget: Terms for shared marketing expenses and budget allocation

7. Online Platform Integration: Terms for sharing and managing listings on digital platforms

8. Referral System: Detailed process for client referrals and associated compensation

Suggested Schedules

1. Schedule 1 - Commission Structure: Detailed breakdown of commission rates and calculation methods for different property types

2. Schedule 2 - Territory Map: Detailed mapping of geographical territories and any overlap zones

3. Schedule 3 - Marketing Guidelines: Specific requirements for co-branded marketing materials and campaigns

4. Schedule 4 - Required Documentation: List of mandatory documents and forms for property transactions

5. Schedule 5 - Contact Points: Key personnel and escalation procedures for both parties

6. Appendix A - Data Processing Agreement: Detailed GDPR-compliant data processing terms

7. Appendix B - Service Level Agreement: Performance metrics and response time requirements

8. Appendix C - Compliance Checklist: Anti-money laundering and regulatory compliance requirements

Authors

Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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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