Broker Agreement for Austria

Broker Agreement Template for Austria

This document is an Austrian law-governed Broker Agreement that establishes and regulates the commercial relationship between a principal and a broker. It complies with Austrian legislation, particularly the Maklergesetz (Broker Act) and relevant provisions of the Austrian Commercial Code (UGB). The agreement defines the scope of brokerage services, commission structures, obligations of both parties, and includes specific provisions for data protection under GDPR. It is drafted to ensure compliance with Austrian regulatory requirements while providing a clear framework for the brokerage relationship, including terms for appointment, compensation, termination, and dispute resolution.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Generate a Bespoke Document

1. Select your governing law:

2. Enter your key requirements:

3. Create your document to edit, review or download

Download a Standard Template

Get our Austria-compliant Broker Agreement

4.6 / 5

4.8 / 5

Alternatively: Run an advanced review of an existing
Broker Agreement

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

Upload your Doc

What is a Broker Agreement?

The Broker Agreement is a crucial legal document used to establish and govern the relationship between a principal and a broker under Austrian law. It is particularly relevant when engaging intermediaries for various commercial activities such as real estate transactions, insurance sales, financial services, or trading activities. The agreement must comply with the Austrian Maklergesetz (Broker Act), which sets specific requirements for brokerage relationships, as well as the Unternehmensgesetzbuch (UGB) and other relevant Austrian regulations. This document addresses key aspects including scope of services, commission structures, obligations of both parties, compliance requirements, and data protection provisions. It is essential for businesses operating in Austria that wish to engage brokers or agents to represent their interests in various commercial transactions.

What sections should be included in a Broker Agreement?

1. Parties: Identification of the principal and the broker, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Scope: Formal appointment of the broker and detailed description of authorized services

5. Broker's Obligations: Detailed responsibilities and duties of the broker, including compliance with Austrian regulations

6. Principal's Obligations: Responsibilities and duties of the principal, including information provision and cooperation

7. Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

8. Payment Terms: Terms and conditions for payment, including invoicing and payment deadlines

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

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Data Protection: GDPR compliance and data handling requirements

12. Liability and Insurance: Limitation of liability, indemnification, and insurance requirements

13. Governing Law and Jurisdiction: Specification of Austrian law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments

What sections are optional to include in a Broker Agreement?

1. Exclusivity: Terms regarding exclusive brokerage rights - include when the broker has exclusive rights

2. Sub-Brokers: Provisions for appointment of sub-brokers - include when sub-brokers are permitted

3. International Transactions: Special provisions for cross-border activities - include for international brokerage

4. Special Industries: Industry-specific requirements - include for regulated industries like insurance or real estate

5. Performance Targets: Specific performance metrics and consequences - include when performance-based terms apply

6. Training and Support: Provisions for training and support services - include when the principal provides these

7. Marketing and Branding: Rules for use of principal's branding - include when broker will use principal's brand

8. Non-Compete: Non-competition restrictions - include when restricting broker's other activities

What schedules should be included in a Broker Agreement?

1. Commission Schedule: Detailed breakdown of commission structures, rates, and special arrangements

2. Services Description: Detailed description of authorized brokerage services and procedures

3. Territory Definition: Geographical areas or markets where broker is authorized to operate

4. Compliance Requirements: Specific regulatory and compliance requirements applicable to the brokerage services

5. Required Documentation: Templates and forms required for brokerage activities

6. Data Processing Agreement: Detailed GDPR-compliant data processing terms and procedures

7. Service Level Agreement: Performance standards and metrics for broker services

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Insurance

Financial Services

Commodities Trading

Import/Export

Securities

Commercial Property

Investment Services

Shipping and Logistics

Business Consulting

Mergers and Acquisitions

Relevant Teams

Legal

Compliance

Business Development

Sales

Commercial

Procurement

Risk Management

Finance

Operations

Broker Relations

Partnership Management

Contract Administration

Relevant Roles

Legal Counsel

Compliance Officer

Business Development Manager

Sales Director

Commercial Director

Procurement Manager

Contract Manager

Risk Manager

Chief Financial Officer

Operations Manager

Broker Relations Manager

Agency Manager

Partnership Manager

Find the exact document you need

No matches found.

Wholesaling Real Estate Contract

An Austrian law-governed agreement for wholesale real estate transactions, facilitating property acquisition and subsequent resale rights.

How Cambridge United Uses Genie AI to Speed Up Player Signings and Slash Legal Costs

Generate a Bespoke Document

Download a Standard Template

What is a Broker Agreement?

What sections should be included in a Broker Agreement?

What sections are optional to include in a Broker Agreement?

What schedules should be included in a Broker Agreement?

Authors

Alex Denne

Jurisdiction

Publisher

Document Type

Sector

Cost

Find the exact document you need

Wholesaling Real Estate Contract

Non Binding Contract

Rent Agreement Draft

Lease Agreement Form

House Rent Agreement Form

Legal Agreement Between Two Parties

Legal Binding Contract

Terms Of Employment Contract

Simple Contract

Side Agreement

Legally Binding Agreement

Incorporation Agreement

Amended Contract

Tooling Agreement

Representation Agreement

Notary Rent Agreement

Model Tenancy Agreement

Contract Agreement Between Two Parties

Common Terms Agreement

Buyer Agency Agreement

Enforceable Contract

Prenuptial Agreement

Preliminary Contract

Partnership Agreement

Business Cooperation Agreement

Rental Contract

Head Of Terms Agreement

Business Contract

Umbrella Agreement

Share Purchase Agreement

White Label Agreement

Website Development Agreement

Volunteer Contract

Virtual Assistant Contract

Vendor Contract

Vehicle Selling Agreement

Variation Agreement

Trust Contract

Tripartite Contract

Transfer Of Ownership Agreement

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security:

Use Cases

Generate Legal Docs Free