1. Parties: Identifies and provides full details of the business broker and the client (business owner)
2. Background: Explains the context of the agreement, including the client's intention to sell/buy a business and the broker's expertise
3. Definitions: Defines key terms used throughout the agreement including 'Transaction', 'Commission', 'Confidential Information', etc.
4. Appointment and Authority: Formally establishes the broker's appointment and specifies their authority to act on behalf of the client
5. Scope of Services: Details the specific services the broker will provide, including business valuation, marketing, negotiation, etc.
6. Exclusivity: Specifies whether the arrangement is exclusive or non-exclusive and the duration of such exclusivity
7. Commission Structure: Details the broker's compensation, including commission rates, payment terms, and triggering events
8. Confidentiality Obligations: Outlines confidentiality requirements for all parties regarding business information
9. Client's Obligations: Specifies the client's responsibilities, including providing accurate information and cooperation
10. Broker's Obligations: Details the broker's duties, professional standards, and performance expectations
11. Term and Termination: Specifies the duration of the agreement and conditions for termination
12. Protection Period: Defines the period after termination during which the broker remains entitled to commission
13. Representations and Warranties: Contains statements of fact and promises made by both parties
14. Liability and Indemnification: Outlines liability limitations and indemnification obligations
15. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and defines jurisdiction for disputes
16. General Provisions: Contains standard clauses including notices, amendments, and severability
