The Business Broker Agreement serves as the foundational document for establishing professional relationships in business brokerage services under English and Welsh law. This document is essential when engaging a broker to facilitate the sale, purchase, or valuation of a business. It provides comprehensive coverage of service scope, compensation structures, confidentiality requirements, and regulatory compliance obligations. The agreement is particularly crucial in protecting both parties' interests while ensuring alignment with UK financial regulations and professional standards.
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1. Parties: Identification and details of the broker and the client
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope of Services: Terms of broker's appointment and detailed description of services to be provided
5. Broker's Obligations: Key responsibilities and duties of the broker
6. Client's Obligations: Key responsibilities and duties of the client
7. Fees and Payment Terms: Commission structure, payment terms, and expenses
8. Confidentiality: Obligations regarding confidential information
9. Term and Termination: Duration of agreement and termination provisions
10. Governing Law and Jurisdiction: Applicable law and dispute resolution procedures
1. Non-Compete Provisions: Restrictions on competitive activities - use when protecting against direct competition is important
2. Intellectual Property Rights: Protection of IP and licensing terms - use when IP is involved in the transaction
3. Force Majeure: Provisions for unforeseen circumstances - use when long-term commitments are involved
4. Insurance Requirements: Specific insurance obligations - use when high-value transactions are involved
5. Data Protection: GDPR and data protection compliance - use when personal data processing is involved
1. Schedule of Services: Detailed breakdown of broker's services
2. Commission Schedule: Detailed commission structure and calculations
3. Required Information Schedule: List of information/documents required from client
4. Compliance Requirements: Regulatory and compliance obligations
5. Service Level Agreement: Performance metrics and service standards
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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