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Broker Agreement
"I need a Broker Agreement under Belgian law for appointing an exclusive real estate broker to handle our commercial property portfolio in Brussels, with specific provisions for commission structure and GDPR compliance, to be effective from March 1, 2025."
1. Parties: Identification of the principal and broker, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of broker's appointment and detailed scope of services to be provided
5. Broker's Rights and Obligations: Detailed description of broker's duties, responsibilities, and authorized activities
6. Principal's Rights and Obligations: Principal's responsibilities and commitments to the broker
7. Commission and Payment Terms: Structure of broker's compensation, including commission rates, calculation methods, and payment terms
8. Regulatory Compliance: Compliance requirements under Belgian law, including licensing and registration obligations
9. Confidentiality: Confidentiality obligations and handling of sensitive information
10. Data Protection: GDPR compliance and data processing requirements
11. Term and Termination: Duration of agreement and conditions for termination
12. Post-Termination Obligations: Obligations surviving termination and post-termination procedures
13. Liability and Indemnification: Limitation of liability and indemnification provisions
14. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.
1. Territory and Exclusivity: Define geographical scope and exclusivity rights - used when broker has exclusive rights in specific territories
2. Performance Targets: Specific performance metrics and targets - included when agreement is performance-based
3. Training and Support: Details of training and support provided by principal - relevant for complex product/service offerings
4. Marketing and Promotion: Guidelines for marketing activities - included when broker has marketing responsibilities
5. Insurance Requirements: Specific insurance coverage requirements - essential for high-risk or regulated activities
6. Compliance with Industry Standards: Specific industry standards and codes of conduct - used for regulated sectors
7. Anti-Money Laundering Provisions: Detailed AML procedures - required for financial services and real estate brokers
8. Sub-Agents: Terms for appointment and management of sub-agents - used when sub-agents are permitted
1. Schedule 1 - Commission Structure: Detailed breakdown of commission rates, tiers, and calculation methods
2. Schedule 2 - Services Description: Detailed description of services to be provided by the broker
3. Schedule 3 - Compliance Procedures: Specific compliance procedures and requirements
4. Schedule 4 - Reporting Requirements: Templates and procedures for regular reporting
5. Schedule 5 - Required Licenses and Certifications: List of required regulatory licenses and professional certifications
6. Appendix A - Standard Operating Procedures: Detailed operational procedures and guidelines
7. Appendix B - Territory Map: Geographical definition of broker's territory (if applicable)
8. Appendix C - Approved Marketing Materials: Templates and guidelines for marketing materials
Authors
Applicable Law
Approved Transaction
Belgian Commercial Agency Law
Best Industry Practice
Broker
Broker Services
Business Day
Client
Commencement Date
Commission
Confidential Information
Control
Data Protection Laws
Effective Date
Force Majeure Event
GDPR
Good Faith
Gross Commission
Group
Intellectual Property Rights
Material Breach
Net Commission
Notice
Party/Parties
Personal Data
Principal
Products
Professional Standards
Regulatory Requirements
Related Persons
Relevant Authority
Services
Sub-Agent
Territory
Term
Termination Date
Transaction
Working Hours
Scope of Authority
Territory
Exclusivity
Commission
Payment Terms
Broker Obligations
Principal Obligations
Compliance
Regulatory Requirements
Licensing
Performance Standards
Reporting
Records Maintenance
Training
Marketing
Sub-Agents
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Insurance
Force Majeure
Term
Termination
Post-Termination
Assignment
Amendments
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Third Party Rights
Anti-Corruption
Money Laundering Prevention
Financial Services
Real Estate
Insurance
Commodities Trading
Securities Trading
Import/Export
Shipping and Logistics
Art and Valuables
Business Brokerage
Commercial Property
Maritime
Agricultural Products
Industrial Equipment
Legal
Compliance
Business Development
Sales
Operations
Risk Management
Finance
Regulatory Affairs
Partner Management
Commercial
Distribution
Legal Counsel
Compliance Officer
Business Development Manager
Sales Director
Chief Commercial Officer
Broker Relations Manager
Risk Manager
Operations Director
Contract Administrator
Regulatory Affairs Manager
Chief Financial Officer
Partnership Manager
Channel Manager
Agency Manager
Distribution Manager
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