1. Parties InvolvedThis Broker Fee Agreement (“Agreement”) is entered into this ____ day of ________, 20__, by and between [Client’s Full Legal Name], with its principal place of business at [Client’s Full Address] (“Client”), and [Broker’s Full Legal Name], with its principal place of business at [Broker’s Full Address] (“Broker”).
2. Broker’s Duties and ResponsibilitiesThe broker agrees to perform brokerage services with due diligence and in compliance with all applicable laws, regulations, and codes of conduct. These services may include, but are not limited to, sourcing and facilitating transactions, providing advice, and acting as an intermediary between the client and third parties.
3. Brokerage FeeFor the services provided, the Client agrees to pay the Broker a fee as specified in Exhibit A, attached to this Agreement. The Brokerage fee shall be payable upon the successful completion of a transaction.
4. Term and TerminationThis Agreement shall commence on the Effective Date and continue until terminated by either party with [number of days] days’ written notice. Upon termination, the Client shall pay the Broker for any outstanding fees for services rendered prior to the termination date.
5. ConfidentialityBoth parties agree to keep all confidential information received from each other secret and not disclose such information to any third party without the prior written consent of the other party.
6. IndemnificationEach party agrees to indemnify and hold harmless the other party from any losses, damages, and liabilities arising out of the negligence or willful misconduct of the indemnifying party.
7. Governing LawThis Agreement shall be governed by and construed in accordance with the laws of the state of [State].
8. Entire AgreementThis Agreement contains the entire agreement between the Parties and supersedes any previous understanding, commitments, or agreements, oral or written. Further, this Agreement may not be modified, changed, or otherwise altered in any respect except by a written agreement signed by both Parties.
9. Dispute ResolutionAny disputes arising from this Agreement will be resolved through mediation. If mediation fails, the dispute will be submitted to binding arbitration in accordance with the rules of the American Arbitration Association.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year first above written. _______________________________ _______________________________ [Client’s Full Legal Name] [Broker’s Full Legal Name] _______________________________ _______________________________ Signature Signature _______________________________ _______________________________ Date Date
Exhibit A – Brokerage FeeThe Brokerage Fee for the services rendered under this Agreement shall be [describe the fee structure].
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