Standard Duty Of Care Contract (Real Estate Transaction With Appointed Agent)
Publisher one
Genie AISource file
standard_duty_of_care_contract_(real_estate_transaction_with_appointed_agent)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Duty of care agreementBusiness activity
Duty of care agreementA duty of care agreement is a legally binding contract that outlines the duties and responsibilities of each party involved in a caregiving relationship. The agreement establishes the expectations and boundaries of the caregiving arrangement, and can help prevent misunderstandings and conflict between the parties.
Under UK law, real estate agents have a fiduciary duty towards their clients, requiring them to act in their best interests, exercise reasonable care, skill, and diligence, and avoid any conflicts of interest. This legal template aims to establish a clear and enforceable agreement between the agent and the client, defining the scope of their professional relationship and setting expectations regarding their obligations and the level of care they must provide.
This contract may cover various aspects of a real estate transaction, including property search, valuation, marketing, negotiation, and completion. It outlines the specific services that the appointed agent is committed to providing, such as researching suitable properties, preparing property particulars, organizing viewings, advising on pricing and marketing strategies, and assisting with the negotiation and preparation of contractual documentation.
Moreover, the template may address other essential terms, such as the agent's responsibility for ensuring the accuracy of information provided, maintaining confidentiality, promptly notifying the client of any offers or developments, and acting in their best interests throughout the transaction process. The contract could also include provisions related to the agent's commission or fees, termination rights, and dispute resolution mechanisms.
By utilizing the Standard Duty of Care Contract (Real Estate Transaction with Appointed Agent) under UK law, both clients and agents benefit from a comprehensive and mutually agreed-upon framework that clarifies their respective roles and responsibilities. This contract serves as a legally binding tool to help safeguard the interests of all parties involved, fostering transparency, professionalism, and accountability within the real estate industry.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Simple Supplier Questionnaire on Supply Chain Due Diligence (MSA 2015)
Supply chain due diligence refers to the examination and management of potential risks and ethical issues associated with a supplier's activities and relationships within their supply chain. This template helps businesses in the UK comply with legal requirements and industry practices by conducting thorough due diligence on their suppliers.
The questionnaire includes a set of standardized questions that can be customized to suit specific industry requirements or company policies. These questions aim to collect crucial information related to environmental practices, human rights compliance, labor standards, business ethics, and any other relevant factors that contribute to a sustainable and responsible supply chain.
By utilizing this legal template, companies can streamline and systemize their due diligence process, ensuring that suppliers meet the required standards and align with their own business values. It provides a structured approach to evaluating potential risks and identifying opportunities for improvement within the supply chain. Ultimately, the template aims to enhance transparency, mitigate legal and reputational risks, and promote responsible sourcing practices in accordance with UK law and regulations.
Publisher
Genie AIJurisdiction
England and WalesSocial Media Manager Contract
This Social Media Manager contract template is designed for a commercial social media management organisation (or an individual social media manager) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of social media management and social-media-management-related services to be completed by the social media manager on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the social media management firm or individual social media manager on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesStandard Board Resolution (Directors)
Typically, this resolution template covers a wide range of matters including, but not limited to, important business decisions such as:
1. Appointment or removal of directors: The template outlines procedures to be followed when appointing or removing directors from the board, including filing necessary documents with relevant authorities.
2. Authorization of contracts and agreements: It provides a framework for obtaining board approval before entering into significant agreements or contracts, safeguarding company interests and ensuring compliance with legal requirements.
3. Approval of financial matters: The template facilitates the resolution of financial decisions, such as approving annual budgets, financial statements, dividends, capital expenditures, and borrowing.
4. Major business transactions: It can support the board's decision-making process for major transactions like mergers, acquisitions, divestitures, or significant changes in the company's structure or operations.
5. Compliance with legal and regulatory requirements: This template allows companies to ensure adherence to legal and regulatory obligations, such as confirming compliance with company policies, industry-specific regulations, or corporate governance guidelines.
By using the Standard Board Resolution (Directors) template, companies can maintain accurate records of decisions made during board meetings, creating a paper trail that can be referenced later if required. These resolutions help provide legal protection, demonstrate good corporate governance practices, and ensure transparency among the board of directors, shareholders, and other stakeholders.
Companies may customize this template to suit their specific needs or consult legal professionals to ensure compliance with the intricacies of UK corporate law.
