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Buyer's Agent Agreement
I need a Buyer's Agent Agreement under Danish law for an international client looking to purchase luxury residential property in Copenhagen, with exclusive representation rights and dual-language provisions in English and Danish, to be effective from March 2025.
1. Parties: Identification of the buyer (principal) and the agent, including full legal names, addresses, and registration numbers where applicable
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualification to act as a buyer's agent
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Commission', and other relevant terms
4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided
5. Agent's Duties and Responsibilities: Comprehensive list of the agent's obligations, including property search, negotiations, due diligence, and reporting
6. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, timely responses, and necessary documentation
7. Property Requirements: Detailed criteria for the property search, including type, location, price range, and essential features
8. Commission and Expenses: Structure and timing of agent's compensation, including commission rates and reimbursable expenses
9. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
10. Confidentiality: Obligations regarding confidential information shared during the engagement
11. Data Protection: Compliance with Danish data protection laws and handling of personal information
12. Liability and Insurance: Extent of agent's liability, professional indemnity insurance, and limitation of liability provisions
13. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction for dispute resolution
14. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties
1. Exclusivity: Optional clause granting the agent exclusive rights to represent the buyer, recommended for high-value purchases
2. Success Fee: Additional compensation structure based on achieving specific targets, such as price negotiations
3. Power of Attorney: Authorization for the agent to act on behalf of the buyer in specific circumstances
4. International Considerations: Additional provisions for international buyers or cross-border transactions
5. Language: Specification of official language version when agreement is bilingual
6. Alternative Dispute Resolution: Provisions for mediation or arbitration before court proceedings
7. Assignment: Rights and restrictions regarding transfer of rights under the agreement
1. Schedule 1 - Property Requirements Specification: Detailed list of buyer's requirements and preferences for the target property
2. Schedule 2 - Fee Structure: Detailed breakdown of commission rates, success fees, and expense categories
3. Schedule 3 - Service Level Agreement: Specific commitments regarding response times and service standards
4. Schedule 4 - Required Documentation: List of documents required from the buyer for property transactions
5. Schedule 5 - Territory Map: Geographic definition of the search area if territorially restricted
6. Appendix A - Agent's Credentials: Copies of agent's licenses, registrations, and professional certifications
7. Appendix B - Power of Attorney Form: Template for power of attorney if required during the engagement
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Luxury Real Estate
Industrial Property
Retail Property
Investment Management
Corporate Real Estate
Property Advisory Services
Legal
Real Estate
Property Acquisitions
Corporate Real Estate
Procurement
Contracts Administration
Investment
Risk Management
Compliance
Operations
Real Estate Agent
Property Buyer's Agent
Real Estate Consultant
Property Acquisition Manager
Real Estate Investment Manager
Corporate Real Estate Manager
Property Portfolio Manager
Real Estate Advisory Director
Property Acquisition Specialist
Legal Counsel
Contracts Manager
Real Estate Transaction Manager
Property Investment Advisor
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