Broker Fee Agreement
This Broker Fee Agreement ("Agreement") is entered into as of December 14, 2054, by and between [YOUR COMPANY NAME] (hereinafter referred to as "Broker") and Salvador Green (hereinafter referred to as "Client").
I. DEFINITIONS
For the purposes of this Agreement, the following terms shall have the meanings set forth below:
Services: The brokerage services provided by Broker, including but not limited to assistance in identifying, negotiating, or securing goods, services, or opportunities.
Fee: The compensation to be paid by the Client to the Broker as detailed in Section IV.
II. SCOPE OF SERVICES
Broker agrees to provide the following services:
Assistance in securing real estate investment opportunities.
Broker will act in good faith and in the best interests of the Client throughout the duration of this Agreement.
III. TERM OF AGREEMENT
This Agreement shall commence on December 14, 2054 and remain in effect until December 14, 2055 or until terminated in accordance with Section VII.
IV. COMPENSATION
The Client agrees to pay the Broker a fee of 5% of the transaction value.
Payment terms: a. Payment shall be made within 30 days of the closing of any transaction facilitated by the Broker. b. Any late payments shall incur interest at a rate of 1.5% per month.
V. CLIENT RESPONSIBILITIES
The Client agrees to:
Provide all necessary information and documentation required by the Broker to perform the Services.
Pay the Fee as specified in Section IV.
Respond promptly to any inquiries from the Broker.
VI. CONFIDENTIALITY
Both parties agree to keep all information relating to this Agreement confidential and not to disclose such information to any third party without prior written consent, except as required by law.
VII. TERMINATION
This Agreement may be terminated:
By mutual written consent of both parties.
By either party with 30 days' written notice.
For cause, if either party breaches any material obligation under this Agreement and fails to cure such breach within 15 days after receiving written notice of the breach.
VIII. INDEMNIFICATION
The Client agrees to indemnify and hold harmless the Broker from any claims, liabilities, or damages arising out of the Client’s breach of this Agreement.
The Broker agrees to indemnify and hold harmless the Client from any claims, liabilities, or damages arising out of the Broker’s negligence or willful misconduct.
IX. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Arizona.
X. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements or understandings, whether written or oral, relating to the subject matter herein.
XI. SEVERABILITY
If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
XII. SIGNATURES
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
BROKER:
[YOUR NAME], Broker
[YOUR COMPANY NAME]
Date: December 14, 2054
CLIENT:Salvador Green, Investor
OmniTrick
Date: December 14, 2054
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