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Commercial Broker Agreement
"I need a Commercial Broker Agreement under Singapore law for appointing an exclusive broker to handle our real estate transactions in the Asia-Pacific region, with a minimum performance requirement of SGD 5 million in annual sales and a graduated commission structure starting from March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of broker appointment and services covered
5. Commission Structure: Payment terms and commission calculations
6. Obligations of the Broker: Duties, responsibilities, and performance standards
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of confidential information
9. General Provisions: Standard boilerplate clauses including governing law, notices, and dispute resolution
1. Exclusivity: Used when broker has exclusive rights to certain transactions or territories
2. Territory: Defines the geographic scope of broker's authority when territorially limited
3. Insurance Requirements: Specific insurance obligations for high-value or regulated sectors
4. Compliance with Laws: Specific regulatory compliance requirements for regulated industries
5. Data Protection: Specific provisions relating to PDPA compliance and data handling
1. Commission Schedule: Detailed breakdown of commission structures and calculations
2. Service Level Agreement: Specific performance metrics and standards
3. Territory Map: Geographic representation of broker's territory if applicable
4. Required Licenses: List of mandatory licenses and certifications required for the broker
5. Approved Sub-brokers: List of approved sub-brokers or agents if permitted under the agreement
Authors
Applicable Laws
Broker
Brokerage Services
Business Day
Commission
Confidential Information
Customer
Effective Date
Force Majeure Event
Intellectual Property Rights
License
Minimum Performance Requirements
Net Sales Price
Principal
Products
Regulatory Authorities
Services
Singapore
Term
Territory
Transaction
Working Hours
Sale
Successful Transaction
Quarter
Year
Gross Commission
Net Commission
Material Breach
Representatives
Affiliate
Applicable Permits
Scope of Services
Term and Duration
Commission Structure
Payment Terms
Broker's Obligations
Principal's Obligations
Exclusivity
Territory Rights
Performance Standards
Reporting Requirements
Compliance with Laws
Licensing Requirements
Confidentiality
Non-Solicitation
Non-Competition
Intellectual Property
Representations and Warranties
Indemnification
Insurance
Termination
Force Majeure
Notices
Assignment
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Relationship of Parties
Data Protection
Record Keeping
Audit Rights
Sub-Contracting
Marketing and Promotion
Customer Relationships
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