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Independent Contractor Agreement Between Broker And Associate
"I need an Independent Contractor Agreement Between Broker And Associate for a small Riyadh-based real estate brokerage firm, focusing on residential properties, with specific provisions for commission splits of 70-30 and inclusion of mandatory monthly training requirements."
1. Parties: Identification of the Broker and Associate with full legal names and details
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope of Services: Formal appointment of Associate as independent contractor and detailed description of authorized services
5. Independent Contractor Status: Clear establishment of non-employment relationship and Associate's independent business status
6. Licenses and Compliance: Requirements for maintaining necessary licenses and compliance with Saudi regulations
7. Compensation and Commission Structure: Details of payment terms, commission splits, and calculation methods
8. Obligations of the Associate: Specific duties, responsibilities, and performance standards
9. Obligations of the Broker: Support, resources, and services provided by the Broker
10. Confidentiality: Protection of confidential information and trade secrets
11. Term and Termination: Duration of agreement and conditions for termination
12. Post-Termination Obligations: Duties and restrictions after agreement ends
13. Dispute Resolution: Process for resolving disagreements under Saudi law
14. Governing Law: Specification of Saudi law as governing law
15. General Provisions: Standard legal provisions including notices, amendments, and severability
1. Non-Compete Clause: Restrictions on competitive activities, used when Broker has significant market presence to protect
2. Marketing and Branding: Guidelines for using Broker's brand, included when Broker has strong brand presence
3. Training Requirements: Mandatory training programs, included when Broker provides specific training
4. Insurance Requirements: Specific insurance coverage requirements, used when additional coverage is needed
5. International Transactions: Provisions for handling international clients, included for brokers dealing with foreign investments
6. Property Management Services: Additional terms for property management duties, if applicable
7. Technology and Systems Usage: Terms for using Broker's technological platforms, included when specific systems are provided
8. Team Arrangements: Provisions for working with teams or sub-agents, used when Associate manages a team
1. Schedule A - Commission Structure: Detailed breakdown of commission splits, bonuses, and payment calculations
2. Schedule B - Approved Services: Comprehensive list of authorized real estate services and activities
3. Schedule C - Office Procedures: Specific operational procedures and protocols to be followed
4. Schedule D - Marketing Guidelines: Detailed marketing standards and approved practices
5. Appendix 1 - Required Forms: Standard forms and documents to be used in transactions
6. Appendix 2 - Technology Systems: List of provided technology tools and usage guidelines
7. Appendix 3 - Compliance Checklist: Regulatory compliance requirements and procedures
8. Appendix 4 - Insurance Requirements: Detailed insurance coverage specifications and minimums
Authors
Real Estate
Commercial Property
Residential Property
Industrial Property
Property Management
Real Estate Investment
Property Development
Commercial Brokerage
Real Estate Consulting
Legal
Real Estate Operations
Brokerage Operations
Compliance
Human Resources
Finance
Business Development
Property Management
Sales Operations
Contract Administration
Real Estate Broker
Associate Broker
Senior Broker
Managing Broker
Real Estate Agent
Property Consultant
Sales Associate
Leasing Associate
Commercial Broker
Residential Broker
Property Manager
Brokerage Manager
Real Estate Consultant
Business Development Manager
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