tiktok���˰�

The Commercial Loan Broker Agreement Template is designed for use in the United Arab Emirates when establishing a formal relationship between professional loan brokers and businesses seeking financing assistance. This document is essential when a company engages a broker to source, negotiate, and facilitate commercial loan arrangements. The agreement template incorporates UAE regulatory requirements, including compliance with UAE Federal Laws governing banking, financial services, and commercial transactions. It comprehensively covers broker authority, compensation structures, service scope, compliance obligations, and risk allocation. The template is adaptable for both conventional and Islamic financing structures, making it versatile for various commercial financing needs in the UAE market. This agreement type is particularly relevant given the UAE's position as a major financial hub and its strict regulatory framework for financial services intermediaries.

1. Parties: Identification of the broker and the client company, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement, including specific financial and banking terminology

4. Scope of Services: Detailed description of the broker's services, including loan sourcing, negotiation, and documentation assistance

5. Broker's Authority: Extent and limitations of the broker's authority to act on behalf of the client

6. Duties and Obligations: Specific responsibilities of the broker, including due diligence, information gathering, and reporting requirements

7. Fees and Commission: Structure and timing of broker compensation, including success fees and any retainer arrangements

8. Payment Terms: Details of payment methods, timing, and conditions for fee payment

9. Representations and Warranties: Statements of fact and assurances from both parties regarding their capacity and authority

10. Confidentiality: Obligations regarding confidential information handling and protection

11. Compliance: Obligations to comply with UAE banking laws, anti-money laundering regulations, and other relevant legislation

12. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

13. Liability and Indemnification: Limitations of liability and mutual indemnification provisions

14. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law

15. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment