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Broker Contract Agreement
"I need a Broker Contract Agreement under Belgian law for appointing an exclusive real estate broker to handle our commercial property portfolio in Brussels, with specific provisions for GDPR compliance and anti-money laundering requirements, to be effective from March 1, 2025."
1. Parties: Identification of the principal and the broker, 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: Definitions of key terms used throughout the agreement
4. Appointment and Scope: Terms of the broker's appointment and detailed description of authorized services
5. Broker's Obligations: Detailed responsibilities of the broker, including regulatory compliance, reporting requirements, and standard of service
6. Principal's Obligations: Responsibilities of the principal, including provision of information and support
7. Commission Structure: Detailed breakdown of commission calculations, payment terms, and conditions for commission eligibility
8. Compliance and Regulations: Regulatory requirements, including AML obligations, data protection, and industry-specific regulations
9. Confidentiality: Provisions regarding confidential information handling and protection
10. Intellectual Property: Rights and restrictions regarding use of trademarks, logos, and other IP
11. Liability and Indemnification: Limitation of liability clauses and mutual indemnification provisions
12. Term and Termination: Duration of agreement, renewal terms, and termination conditions
13. Post-Termination Obligations: Obligations that survive termination and wind-down procedures
14. General Provisions: Standard clauses including notices, assignment, entire agreement, and governing law
1. Non-Competition: Restrictions on broker's ability to work with competitors, include when exclusivity is required
2. Territory Rights: Geographic or market limitations on broker's activities, include when territorial exclusivity is granted
3. Insurance Requirements: Specific insurance coverage requirements, include for high-value transactions or regulated sectors
4. Marketing and Branding: Guidelines for marketing activities and brand usage, include when broker will conduct marketing
5. Training Requirements: Mandatory training or certification requirements, include for specialized products or services
6. Minimum Performance Standards: Performance targets and consequences for not meeting them, include for performance-based relationships
7. Data Processing Agreement: Detailed GDPR compliance provisions, include when significant personal data processing is involved
8. Force Majeure: Provisions for unforeseen circumstances, include for long-term or high-value agreements
1. Schedule 1 - Commission Structure: Detailed commission rates, calculation methods, and examples
2. Schedule 2 - Services Description: Comprehensive list of authorized services and activities
3. Schedule 3 - Compliance Procedures: Step-by-step compliance procedures and checklists
4. Schedule 4 - Reporting Templates: Standard formats for regular reporting requirements
5. Schedule 5 - Key Performance Indicators: Detailed performance metrics and measurement methods
6. Appendix A - Required Documentation: List of documents required for customer onboarding or transactions
7. Appendix B - Technology Requirements: Technical specifications for any required software or systems
8. Appendix C - Contact Details: Key contact information for both parties
Authors
Financial Services
Real Estate
Insurance
Commodities Trading
Securities Trading
Import/Export
Logistics
Business Consulting
Commercial Real Estate
Shipping
Energy Trading
Agricultural Products
Legal
Compliance
Business Development
Commercial
Risk Management
Operations
Finance
Regulatory Affairs
Sales
Partnerships
Account Management
Corporate Governance
Legal Counsel
Compliance Officer
Business Development Manager
Commercial Director
Risk Manager
Operations Manager
Contract Administrator
Chief Financial Officer
Regulatory Affairs Manager
Sales Director
Partnership Manager
Account Executive
Business Relations Manager
General Counsel
Corporate Secretary
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