The Termination Of Buyer Agency Agreement Form is a crucial document used in Irish real estate transactions when either party wishes to end their professional relationship before the natural conclusion of their agreement. This document is essential when a buyer wishes to discontinue their relationship with a real estate agent, or when both parties mutually agree to terminate their arrangement. It must comply with the Property Services (Regulation) Act 2011 and PSRA regulations, and typically includes provisions for termination timing, outstanding obligations, commission arrangements for properties already shown, and confidentiality requirements. The form is particularly important in protecting both parties' interests and ensuring a clear, legally compliant conclusion to the agency relationship under Irish law.
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1. Parties: Identification of the buyer and the real estate agent/agency, including license numbers and contact details
2. Background: Reference to the original Buyer Agency Agreement, including its date and key terms
3. Definitions: Key terms used in the termination agreement
4. Termination Declaration: Clear statement of termination and the effective date
5. Outstanding Obligations: Statement regarding any pending duties, responsibilities, or financial obligations
6. Mutual Release: Release of both parties from future obligations under the original agreement
7. Return of Materials: Requirements for returning any documents, keys, or materials in possession of either party
8. Confidentiality: Ongoing obligations regarding confidential information
9. Governing Law: Confirmation that the agreement is governed by Irish law
10. Execution: Signature blocks and date of execution
1. Commission Provisions: Include when there are specific arrangements regarding commission for properties already shown or negotiations in progress
2. Dispute Resolution: Include when parties wish to specify a particular method for resolving any future disputes
3. Data Protection: Include when there are specific arrangements for handling personal data post-termination
4. Third Party Rights: Include when there are other parties involved who may have rights under the original agreement
5. Survival Clauses: Include when certain provisions of the original agreement need to survive termination
1. Schedule A - Original Agreement Details: Copy or summary of the key terms from the original Buyer Agency Agreement
2. Schedule B - Property Viewing List: List of properties shown to the buyer during the agency period
3. Schedule C - Financial Statement: Statement of any outstanding fees, commissions, or financial obligations
4. Appendix 1 - PSRA Notice: Standard notice required by the Property Services Regulatory Authority
5. Appendix 2 - Proof of Service: Documentation showing proper delivery/service of the termination notice
Relevant legal definitions
Agreement
Original Agency Agreement
Effective Date
Termination Date
Agent
Buyer
Property
Commission
Protected Properties
Confidential Information
Outstanding Obligations
Mutual Release
PSRA
Property Services
Notice Period
Professional Fees
Agency Period
Viewing Period
Material Terms
Intellectual Property
Personal Data
Services
Territory
Working Day
Relevant Period
Licensed Agent
Property Services Provider
Related Parties
Original Agency Agreement
Effective Date
Termination Date
Agent
Buyer
Property
Commission
Protected Properties
Confidential Information
Outstanding Obligations
Mutual Release
PSRA
Property Services
Notice Period
Professional Fees
Agency Period
Viewing Period
Material Terms
Intellectual Property
Personal Data
Services
Territory
Working Day
Relevant Period
Licensed Agent
Property Services Provider
Related Parties
Clauses
Termination
Services Cessation
Commission
Mutual Release
Confidentiality
Data Protection
Notice
Outstanding Obligations
Property Listings
Governing Law
Survival
Return of Materials
Dispute Resolution
Liability
Indemnification
Severability
Entire Agreement
Amendment
Assignment
Force Majeure
Counterparts
Third Party Rights
Waiver
Costs
Representations and Warranties
Services Cessation
Commission
Mutual Release
Confidentiality
Data Protection
Notice
Outstanding Obligations
Property Listings
Governing Law
Survival
Return of Materials
Dispute Resolution
Liability
Indemnification
Severability
Entire Agreement
Amendment
Assignment
Force Majeure
Counterparts
Third Party Rights
Waiver
Costs
Representations and Warranties
Relevant Industries
Real Estate
Property Development
Property Management
Legal Services
Professional Services
Residential Property
Commercial Property
Property Investment
Relevant Teams
Legal
Real Estate
Compliance
Property Services
Client Relations
Contracts Administration
Risk Management
Operations
Relevant Roles
Real Estate Agent
Property Consultant
Legal Counsel
Property Services Manager
Compliance Officer
Real Estate Broker
Property Advisor
Contract Manager
Real Estate Transaction Coordinator
Client Relations Manager
Property Services Director
Legal Administrator
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