Business Broker Contract for Malta
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Business Broker Contract
"I need a Business Broker Contract for my Malta-based hospitality consultancy firm, with exclusive rights for the broker and a minimum selling price requirement of €2.5M, to be effective from March 2025."
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1. Parties: Identification of the Business Broker and the Client (business owner)
2. Background: Context of the agreement and brief description of the business being sold/transferred
3. Definitions: Key terms used throughout the agreement including 'Business', 'Transaction', 'Commission', 'Confidential Information'
4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided
5. Exclusivity: Terms of exclusive or non-exclusive arrangement and duration
6. Broker's Obligations: Detailed responsibilities including marketing, prospect screening, facilitation of negotiations
7. Client's Obligations: Requirements for information provision, cooperation, and maintenance of business during sale process
8. Commission Structure: Detailed breakdown of fees, commission rates, and payment terms
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Duration and Termination: Contract period, renewal terms, and termination conditions
11. Protection Period: Post-termination period during which broker remains entitled to commission
12. Warranties and Representations: Statements of fact by both parties regarding their capacity and authority
13. Liability and Indemnification: Limitations of liability and mutual indemnification provisions
14. General Provisions: Standard clauses including notices, entire agreement, amendments, governing law
1. International Transactions: Additional provisions for cross-border sales including currency considerations and international law compliance
2. Industry-Specific Requirements: Special provisions for regulated industries or specialized businesses
3. Multiple Broker Coordination: Provisions for scenarios involving cooperation with other brokers
4. Success Fee Structure: Alternative compensation arrangements based on successful completion of specific milestones
5. Online Marketing Provisions: Specific terms for digital marketing and online business listing platforms
6. Dispute Resolution: Alternative dispute resolution mechanisms such as mediation or arbitration
7. Force Majeure: Provisions for unforeseen circumstances affecting contract performance
8. Data Protection: Additional GDPR compliance provisions for handling sensitive business data
1. Schedule A - Service Description: Detailed scope of broker services and deliverables
2. Schedule B - Commission Structure: Detailed breakdown of fees, rates, and calculation methods
3. Schedule C - Business Information: Overview of the business being sold including key assets and operations
4. Schedule D - Marketing Plan: Proposed marketing strategy and advertising approach
5. Schedule E - Confidentiality Agreement: Detailed NDA terms for prospective buyers
6. Schedule F - Due Diligence Checklist: List of required documents and information for due diligence
7. Appendix 1 - Required Documentation: List of documents required from the client
8. Appendix 2 - Contact Protocols: Procedures for communication with potential buyers and stakeholders
Authors
Applicable Law
Business
Business Day
Business Information
Broker
Broker's Fee
Brokerage Services
Client
Closing
Commission
Confidential Information
Due Diligence
Effective Date
Exclusivity Period
Force Majeure Event
Intellectual Property Rights
Introduced Party
Letter of Intent
Listing Price
Material Adverse Change
Net Sale Price
Parties
Personal Data
Processing
Prospective Buyer
Protection Period
Purchase Agreement
Qualified Buyer
Sale
Success Fee
Term
Territory
Transaction
Transfer
Scope of Services
Exclusivity
Term and Duration
Broker's Rights
Broker's Obligations
Client's Obligations
Commission
Success Fee
Payment Terms
Confidentiality
Non-Disclosure
Data Protection
Due Diligence
Marketing Authorization
Representations and Warranties
Intellectual Property
Non-Circumvention
Protection Period
Termination
Force Majeure
Liability and Indemnification
Assignment
Notices
Dispute Resolution
Governing Law
Jurisdiction
Entire Agreement
Severability
Amendments
Third Party Rights
Anti-Money Laundering
Compliance with Laws
Electronic Communications
Counterparts
Retail
Manufacturing
Hospitality
Professional Services
Technology
Real Estate
Financial Services
Healthcare
Education
Construction
Import/Export
Tourism
Food and Beverage
Entertainment
Logistics
Maritime
Legal
Business Development
Mergers & Acquisitions
Corporate Affairs
Compliance
Business Advisory
Transaction Advisory
Due Diligence
Valuations
Commercial Operations
Business Broker
Managing Director
Business Development Manager
Corporate Lawyer
Mergers & Acquisitions Specialist
Business Owner
CEO
Commercial Director
Business Transfer Agent
Legal Counsel
Compliance Officer
Business Valuation Specialist
Transaction Advisory Manager
Due Diligence Specialist
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