Master Broker Agreement

Master Broker Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

"I need a Master Broker Agreement governed by UAE law for appointing an exclusive broker to represent my financial services company in Dubai and Abu Dhabi, with specific focus on AML compliance and a minimum performance guarantee of USD 2 million in annual transactions."

Document background

The Master Broker Agreement serves as the primary contractual framework for establishing and managing brokerage relationships in the UAE market. This document is essential when a company (principal) wishes to engage brokers to represent their interests in various commercial activities while ensuring compliance with UAE federal laws, particularly the Commercial Transactions Law (Federal Law No. 18 of 1993) and Commercial Agency Law (Federal Law No. 14 of 1988). The agreement is typically used when establishing long-term brokerage relationships that may involve multiple transactions or ongoing services, requiring detailed provisions for performance standards, compensation structures, and compliance requirements. It includes comprehensive terms addressing broker obligations, territorial restrictions, commission structures, and regulatory compliance, while incorporating flexibility to accommodate various business models within the UAE's regulatory framework.

Suggested Sections

1. Parties: Identification of the principal and broker, including full legal names, registration details, and addresses

2. Background: Context of the agreement, nature of the principal's business, and purpose of the brokerage relationship

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Appointment and Scope: Terms of broker's appointment, exclusivity/non-exclusivity, and detailed scope of services

5. Term and Termination: Duration of the agreement, renewal terms, and termination provisions

6. Broker's Obligations: Detailed responsibilities, service standards, and performance requirements

7. Principal's Obligations: Principal's responsibilities, including information provision and cooperation requirements

8. Compensation: Commission structure, payment terms, and calculation methods

9. Compliance Requirements: Regulatory compliance obligations, including AML requirements and local regulations

10. Confidentiality: Protection of confidential information and trade secrets

11. Representations and Warranties: Standard warranties regarding capacity, authority, and compliance

12. Limitation of Liability: Caps on liability and exclusions of certain types of damages

13. Dispute Resolution: Process for handling disputes, including jurisdiction and governing law

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

Optional Sections

1. Non-Compete: Restrictions on broker's ability to work with competitors, used when dealing with sensitive markets or exclusive arrangements

2. Intellectual Property: IP rights and usage terms, included when branded materials or proprietary systems are involved

3. Insurance: Specific insurance requirements, included for high-value or high-risk transactions

4. Data Protection: Data handling and privacy requirements, essential when personal data processing is involved

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in volatile markets

6. Training and Support: Details of principal's support obligations, included for complex products or services

7. Marketing and Branding: Guidelines for using principal's brand, included when broker represents principal publicly

8. Regulatory Reporting: Specific reporting requirements, included for regulated industries or activities

Suggested Schedules

1. Schedule 1 - Services Description: Detailed breakdown of brokerage services and specific responsibilities

2. Schedule 2 - Commission Structure: Detailed commission calculations, rates, and payment terms

3. Schedule 3 - Territory Definition: Geographic or market scope of broker's authority

4. Schedule 4 - Performance Metrics: KPIs and performance measurement criteria

5. Schedule 5 - Compliance Procedures: Detailed compliance requirements and procedures

6. Appendix A - Required Forms: Standard forms for reporting, claims, or documentation

7. Appendix B - Contact Details: Key contact information for both parties

8. Appendix C - Technical Requirements: Any technical or system requirements for service delivery

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Real Estate

Insurance

Commodities Trading

Investment Services

Securities Trading

Import/Export

Logistics

Commercial Trading

Manufacturing

Relevant Teams

Legal

Compliance

Commercial

Sales

Business Development

Operations

Finance

Risk Management

Contract Administration

Broker Relations

Channel Management

Relevant Roles

Chief Executive Officer

Commercial Director

Legal Counsel

Compliance Officer

Business Development Manager

Sales Director

Operations Manager

Risk Manager

Contract Manager

Relationship Manager

Chief Financial Officer

Broker Relations Manager

Regional Director

Agency Manager

Channel Partnership Manager

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Simple Broker Agreement

UAE-governed agreement establishing terms and conditions between a principal and broker for facilitation of business transactions.

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Let's create your Master Broker Agreement

Authors

Alex Denne

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