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Non Exclusive Broker Agreement
"I need a Non-Exclusive Broker Agreement for my Dubai-based real estate company to engage multiple property brokers in Abu Dhabi and Dubai, with a commission structure of 2% for residential properties and 3% for commercial properties, starting from January 2025."
1. Parties: Identification of the principal and broker, including full legal names, addresses, and registration details as required under UAE law
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement, including specific UAE legal and commercial terms
4. Appointment and Scope: Clear statement of non-exclusive appointment and detailed scope of brokerage services
5. Term and Termination: Duration of the agreement and circumstances for termination, including notice periods
6. Broker's Rights and Obligations: Detailed responsibilities, performance standards, and service delivery requirements
7. Principal's Rights and Obligations: Principal's commitments, including information provision and cooperation requirements
8. Commission Structure: Details of fees, commission rates, and payment terms
9. Non-Exclusivity Provisions: Explicit terms regarding the non-exclusive nature and right to engage other brokers
10. Confidentiality: Protection of confidential information and trade secrets
11. Compliance: Obligations to comply with UAE laws and regulations
12. Liability and Indemnification: Limitation of liability and mutual indemnification provisions
13. Dispute Resolution: Process for resolving disputes under UAE law, including jurisdiction and governing law
14. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement
1. Territory Restrictions: Used when the broker's activities need to be limited to specific geographic areas within or outside UAE
2. Performance Targets: Include when specific performance metrics or targets are required
3. Marketing and Promotion: Required when the broker will conduct marketing activities on behalf of the principal
4. Insurance Requirements: Include when specific insurance coverage is required for the broker's activities
5. Training and Support: Used when the principal will provide specific training or support to the broker
6. Intellectual Property: Include when the broker needs to use the principal's trademarks or other IP
7. Data Protection: Required when personal data processing is involved in the brokerage activities
8. Anti-corruption Compliance: Include for international transactions or when dealing with government entities
9. Force Majeure: Optional clause defining circumstances beyond parties' control affecting performance
1. Schedule 1 - Commission Rates: Detailed breakdown of commission structures, including any variations based on transaction types
2. Schedule 2 - Service Specifications: Detailed description of services to be provided by the broker
3. Schedule 3 - Reporting Requirements: Format and frequency of performance reports and documentation
4. Schedule 4 - Compliance Requirements: Specific regulatory requirements and compliance procedures
5. Schedule 5 - Approved Marketing Materials: List of approved marketing materials and usage guidelines if applicable
6. Appendix A - Required Documentation: List of required licenses, permits, and registration documents
7. Appendix B - Contact Details: Key contact persons and communication protocols for both parties
Authors
Real Estate
Financial Services
International Trade
Manufacturing
Retail
Commodities Trading
Insurance
Investment Banking
Commercial Property
Industrial Equipment
Luxury Goods
Construction Materials
Professional Services
Legal
Compliance
Commercial
Sales
Business Development
Operations
Contract Administration
Channel Management
Risk Management
Finance
Commercial Director
Business Development Manager
Legal Counsel
Compliance Officer
Sales Director
Chief Commercial Officer
Broker Relations Manager
Contract Manager
Operations Director
Channel Manager
Business Owner
Managing Director
Chief Executive Officer
Sales Operations Manager
Regional Sales Manager
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