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Broker Exclusive Agreement
"I need a Broker Exclusive Agreement under Pakistani law for my real estate company to engage an exclusive broker for commercial property transactions in Karachi, with specific provisions for Islamic finance compliance and a commission structure that includes both fixed fees and performance bonuses."
1. Parties: Identifies and provides full details of the broker and the client, including registration numbers, addresses, and authorized representatives
2. Background: Explains the context of the agreement, including the client's desire to engage the broker and the broker's qualifications
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Appointment and Scope: Details the exclusive appointment of the broker and clearly defines the scope of services to be provided
5. Term and Exclusivity: Specifies the duration of the agreement and the nature of the exclusive relationship
6. Broker's Rights and Obligations: Lists all duties, responsibilities, and rights of the broker under the agreement
7. Client's Rights and Obligations: Outlines the client's responsibilities, including providing necessary information and cooperation
8. Compensation Structure: Details the broker's fees, commission rates, and payment terms
9. Confidentiality: Establishes obligations regarding confidential information shared during the relationship
10. Representations and Warranties: Contains standard representations and warranties from both parties
11. Termination: Specifies conditions and procedures for terminating the agreement
12. Post-Termination Obligations: Outlines obligations that survive termination, including commission on pending transactions
13. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and designates jurisdiction for disputes
14. Notices: Specifies how formal notices should be given between parties
15. General Provisions: Contains standard boilerplate clauses including amendment procedures, severability, and entire agreement
1. Islamic Law Compliance: Section ensuring compliance with Shariah principles, necessary when parties require explicit Islamic law compliance
2. Digital Communications: Provisions for electronic communications and digital signatures, needed when parties conduct business electronically
3. Sub-Brokers: Terms governing the appointment and management of sub-brokers, required when the broker may need to delegate duties
4. International Transactions: Additional provisions for cross-border transactions, necessary when dealing with international clients or markets
5. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in volatile markets
6. Non-Compete: Restrictions on the client engaging other brokers during and after the agreement, used in highly competitive markets
7. Intellectual Property: Provisions protecting proprietary information and methodologies, needed when unique systems or processes are involved
1. Schedule A - Commission Structure: Detailed breakdown of commission rates for different types of transactions
2. Schedule B - Scope of Services: Comprehensive list of specific services to be provided by the broker
3. Schedule C - Reporting Requirements: Format and frequency of reports to be provided by the broker
4. Schedule D - Authorized Representatives: List of authorized representatives from both parties who can make decisions
5. Appendix 1 - Required Documentation: List of documents required from clients for different types of transactions
6. Appendix 2 - Compliance Procedures: Standard operating procedures for ensuring regulatory compliance
7. Appendix 3 - Service Level Standards: Specific performance metrics and service standards the broker must maintain
Authors
Applicable Law
Authorized Representative
Broker
Broker Services
Business Day
Client
Commission
Confidential Information
Effective Date
Event of Default
Exclusive Period
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Material Adverse Effect
Notice
Party/Parties
Regulatory Authority
Related Party
Securities
Services
Shariah Principles
Success Fee
Term
Territory
Transaction
Transaction Documents
Working Hours
Termination Date
Competitor
Due Diligence
Market Value
Performance Standards
Protected Information
Qualified Transaction
Remuneration
Sub-broker
Target Market
Third Party
Exclusivity
Scope of Services
Term
Commission
Payment Terms
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Broker Obligations
Client Obligations
Regulatory Compliance
Islamic Law Compliance
Force Majeure
Indemnification
Limitation of Liability
Termination
Post-Termination Obligations
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Third Party Rights
Counterparts
Authority
Data Protection
Anti-Corruption
Record Keeping
Sub-Contracting
Insurance
Intellectual Property
Real Estate
Financial Services
Securities Trading
Insurance
Commodities Trading
Investment Banking
Property Development
Asset Management
Commercial Banking
Agricultural Trading
Energy Trading
Maritime Brokerage
Legal
Compliance
Business Development
Operations
Risk Management
Commercial
Sales
Finance
Regulatory Affairs
Client Relations
Transaction Management
Chief Executive Officer
Legal Counsel
Compliance Officer
Business Development Manager
Broker
Managing Director
Contract Manager
Risk Manager
Operations Director
Commercial Director
Chief Financial Officer
Legal Director
Head of Sales
Relationship Manager
Transaction Manager
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