Broker Service Agreement Template for Indonesia

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Key Requirements PROMPT example:

Broker Service Agreement

"I need a Broker Service Agreement under Indonesian law for a real estate brokerage firm acting as an exclusive agent for luxury property developments in Jakarta, with specific provisions for digital marketing services and a success-based commission structure."

Document background

The Broker Service Agreement is a critical document used to formalize the professional relationship between a broker and their client in Indonesia. This agreement is essential when engaging brokers for various commercial activities such as real estate, financial services, commodities, or business transactions. The document must comply with Indonesian law, particularly the Civil Code (KUHPer) and Commercial Code (KUHD), while addressing specific licensing requirements under Law No. 7 of 2014 on Trade. It typically includes detailed provisions on service scope, commission structures, performance metrics, and risk allocation. The agreement is particularly important in regulated industries where intermediary services require formal documentation and specific compliance measures.

Suggested Sections

1. Parties: Identifies and provides details of the broker and the client, including their legal names, registration numbers, and addresses

2. Background: Sets out the context of the agreement, including the broker's qualifications and the client's desire to engage brokerage services

3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation

4. Appointment and Scope of Services: Details the formal appointment of the broker and specifies the exact services to be provided

5. Term and Termination: Specifies the duration of the agreement and conditions for termination

6. Broker's Obligations: Lists the specific duties and responsibilities of the broker

7. Client's Obligations: Outlines the responsibilities and commitments of the client

8. Fees and Payment Terms: Details the compensation structure, payment schedule, and any additional charges

9. Confidentiality: Establishes obligations regarding confidential information handling

10. Representations and Warranties: Contains statements of fact and promises made by both parties

11. Limitation of Liability: Sets out the extent and limitations of the broker's liability

12. Dispute Resolution: Specifies procedures for handling disputes between parties

13. Governing Law: Confirms Indonesian law as governing law and jurisdiction

14. General Provisions: Includes standard boilerplate clauses such as force majeure, notices, and assignment

Optional Sections

1. Non-Competition: Restricts the broker from competing activities - include when dealing with sensitive markets or exclusive arrangements

2. Intellectual Property Rights: Addresses ownership and usage of IP - include when the services involve creation or use of intellectual property

3. Insurance: Specifies required insurance coverage - include for high-value transactions or regulated industries

4. Data Protection: Addresses handling of personal data - include when personal data processing is involved

5. Anti-Bribery and Corruption: Sets out anti-corruption compliance - include for international transactions or government-related work

6. Force Majeure: Detailed force majeure provisions - include for long-term or high-value agreements

7. Compliance with Laws: Specific regulatory compliance obligations - include for regulated industries

Suggested Schedules

1. Schedule 1 - Service Description: Detailed description of brokerage services and deliverables

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, commission structures, and payment terms

3. Schedule 3 - Service Levels: Performance metrics and service level requirements

4. Schedule 4 - Authorized Representatives: List of authorized representatives from both parties

5. Schedule 5 - Compliance Requirements: Specific regulatory and compliance requirements applicable to the services

6. Appendix A - Required Forms: Standard forms and documents required for service delivery

7. Appendix B - Territory Description: Definition of geographical area covered by the agreement if applicable

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Financial Services

Insurance

Commodities Trading

Import/Export

Securities Trading

Business Services

Shipping and Logistics

Agriculture

Manufacturing

Mining and Resources

Technology and Digital Services

Relevant Teams

Legal

Compliance

Commercial

Operations

Business Development

Risk Management

Procurement

Sales

Finance

Partnership Management

Contract Administration

Relevant Roles

Chief Executive Officer

Commercial Director

Legal Counsel

Compliance Officer

Business Development Manager

Operations Manager

Contract Manager

Risk Manager

Procurement Manager

Sales Director

Broker Relations Manager

Account Manager

Financial Controller

Business Unit Head

Partnership Manager

Find the exact document you need

Broker Contract

An Indonesian law-governed agreement establishing terms and conditions for brokerage services, including commission structure and compliance requirements.

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Let's create your Broker Service Agreement

Authors

Alex Denne

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