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Broker Fee Agreement
"I need a Broker Fee Agreement for my Jakarta-based real estate brokerage firm, which will act as an exclusive agent for luxury residential properties with a 5% commission structure and a minimum one-year commitment starting March 2025."
1. Parties: Identification of the broker and the client, including their full legal names, addresses, and registration numbers
2. Background: Context of the agreement, including the broker's qualifications and the client's need for brokerage services
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Fee', 'Transaction', and other relevant terminology
4. Scope of Services: Detailed description of the brokerage services to be provided
5. Broker's Rights and Obligations: Comprehensive list of the broker's responsibilities and entitlements under the agreement
6. Client's Rights and Obligations: Comprehensive list of the client's responsibilities and entitlements under the agreement
7. Fee Structure and Payment Terms: Detailed breakdown of fees, calculation method, payment schedule, and payment conditions
8. Term and Termination: Duration of the agreement and conditions for termination
9. Confidentiality: Obligations regarding confidential information protection
10. Governing Law and Jurisdiction: Specification of Indonesian law as governing law and jurisdiction for dispute resolution
11. Entire Agreement: Statement that the document represents the complete agreement between parties
1. Exclusivity: Terms regarding exclusive rights of the broker, included when the broker has exclusive rights to represent the client
2. Insurance and Liability: Specific provisions about insurance requirements and liability limitations, included for high-value transactions
3. Force Majeure: Provisions for unforeseen circumstances, included when dealing with long-term arrangements
4. Anti-Bribery and Corruption: Compliance with anti-corruption laws, included when dealing with public sector or international transactions
5. Assignment: Rights to assign the agreement to other parties, included when such flexibility might be needed
6. Language: Provisions regarding official language version, included when dealing with international parties
1. Schedule A - Fee Calculation: Detailed methodology for calculating broker fees, including examples and scenarios
2. Schedule B - Service Level Agreement: Specific performance metrics and service standards
3. Schedule C - Required Documentation: List of documents required for transactions and fee claims
4. Appendix 1 - Broker's Licenses and Certifications: Copies of relevant licenses and certifications
5. Appendix 2 - Territory Coverage: Geographic areas or market segments covered by the agreement
Authors
Applicable Laws
Broker
Broker Services
Business Day
Client
Commencement Date
Commission
Confidential Information
Effective Date
Exclusive Period
Fee
Force Majeure Event
Intellectual Property Rights
Material Breach
Parties
Protected Information
Representatives
Services
Success Fee
Term
Territory
Transaction
Transaction Value
Working Hours
Eligible Transaction
Payment Date
Performance Standards
Service Level Requirements
Broker's License
Client's Property
Documentation
Due Diligence
Market Value
Notice
Purchase Price
Regulatory Authority
Success Criteria
Target Market
Scope of Services
Exclusivity
Broker's Obligations
Client's Obligations
Fees and Commission
Payment Terms
Performance Standards
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Limitation of Liability
Indemnification
Insurance
Term and Duration
Termination
Force Majeure
Assignment
Notices
Governing Law
Dispute Resolution
Anti-Bribery and Corruption
Compliance with Laws
Entire Agreement
Severability
Amendment
Waiver
Authority
Non-Solicitation
Record Keeping
Reporting Requirements
Sub-Contracting
Survival
Real Estate
Financial Services
Commodities Trading
Insurance
Import/Export
Securities Trading
Business Services
Commercial Property
Shipping and Logistics
Agricultural Trade
Legal
Compliance
Finance
Business Development
Sales
Operations
Risk Management
Commercial
Contracts Administration
Corporate Affairs
Broker
Business Development Manager
Legal Counsel
Compliance Officer
Chief Financial Officer
Sales Director
Contract Manager
Risk Manager
Operations Manager
Managing Director
Commercial Director
Transaction Manager
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