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Broker Fee Agreement
"I need a Broker Fee Agreement for my real estate brokerage firm in Mumbai, with exclusive rights to sell commercial properties and a 3% commission structure, to be effective from March 1, 2025."
1. Parties: Identification of the broker and the client, including their full legal names, addresses, and registration details
2. Background: Context of the agreement, including the nature of brokerage services being sought and offered
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Fee', 'Transaction', etc.
4. Scope of Services: Detailed description of the brokerage services to be provided
5. Broker's Rights and Obligations: Comprehensive listing of the broker's duties, responsibilities, and rights
6. Client's Rights and Obligations: Client's responsibilities, including providing necessary information and cooperation
7. Fee Structure and Payment Terms: Detailed breakdown of fees, commission rates, payment schedule, and calculation methods
8. Term and Termination: Duration of the agreement and conditions for termination
9. Confidentiality: Provisions regarding handling of confidential information
10. Representations and Warranties: Statements of fact and promises made by both parties
11. Indemnification: Provisions for compensation in case of losses or damages
12. Governing Law and Jurisdiction: Specification of applicable laws and courts
13. Notice Provisions: Methods and addresses for official communications between parties
14. General Provisions: Standard clauses including severability, entire agreement, and amendments
1. Exclusivity: Used when the broker is granted exclusive rights to provide specific services
2. Sub-Brokers: Include when the broker may need to engage sub-brokers or agents
3. Insurance Requirements: Specific insurance obligations for high-value or regulated brokerage services
4. Regulatory Compliance: Specific compliance requirements for regulated sectors like securities or real estate
5. Performance Metrics: Include when specific performance standards or KPIs are required
6. Digital Services: When brokerage services involve online platforms or digital tools
7. Force Majeure: Protection against unforeseen circumstances preventing performance
8. Non-Solicitation: Restrictions on soliciting clients or employees
9. Dispute Resolution Process: Detailed procedures for resolving disputes, including mediation or arbitration
1. Schedule A - Fee Schedule: Detailed breakdown of all fees, commission structures, and payment calculations
2. Schedule B - Service Specifications: Detailed description of specific services, territories, or market segments covered
3. Schedule C - Required Documentation: List of documents required from client for different types of transactions
4. Schedule D - Compliance Requirements: Specific regulatory compliance requirements and procedures
5. Schedule E - Authorized Representatives: List of authorized personnel from both parties who can act under the agreement
6. Appendix 1 - Standard Operating Procedures: Detailed procedures for routine operations and transactions
7. Appendix 2 - Reporting Templates: Standard formats for regular reports and communications
Authors
Applicable Law
Authorized Representative
Broker
Brokerage Fee
Business Day
Client
Confidential Information
Effective Date
Force Majeure Event
Intellectual Property Rights
Material Adverse Effect
Notice
Party/Parties
Professional Services
Regulatory Authority
Related Party
Services
Sub-broker
Successful Transaction
Term
Territory
Transaction
Transaction Value
Working Hours
Commission
Due Diligence
Exclusivity Period
Good Faith
Indemnified Party
Indemnifying Party
Liability
Performance Metrics
Regulatory Approvals
Service Level Standards
Success Fee
Target Market
Third Party
Scope of Services
Exclusivity
Broker's Obligations
Client's Obligations
Fees and Commission
Payment Terms
Performance Standards
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Liability
Indemnification
Insurance
Term and Duration
Termination
Force Majeure
Assignment
Sub-contracting
Regulatory Compliance
Anti-corruption
Notice
Dispute Resolution
Governing Law
Jurisdiction
Amendment
Waiver
Severability
Entire Agreement
Counterparts
Authority
Non-solicitation
Record Keeping
Audit Rights
Tax Compliance
Client References
Marketing Rights
Conflict of Interest
Financial Services
Real Estate
Securities Trading
Insurance
Commodities Trading
Import/Export
Shipping and Logistics
Business Services
Investment Banking
Commercial Property
Legal
Compliance
Finance
Operations
Risk Management
Business Development
Commercial
Treasury
Corporate Secretarial
Client Relations
Contract Administration
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Compliance Officer
Business Development Manager
Broker
Financial Advisor
Real Estate Agent
Contract Manager
Risk Manager
Operations Manager
Treasury Manager
Finance Director
Commercial Director
Company Secretary
Relationship Manager
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