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Broker Termination Letter

Broker Termination Letter Template for Switzerland

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Key Requirements PROMPT example:

Broker Termination Letter

"I need a Broker Termination Letter for our Swiss real estate brokerage partner, with termination effective March 31, 2025, including provisions for handling five pending property transactions and commission settlements."

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Document background
The Broker Termination Letter is a critical document used in Switzerland when a company or individual needs to formally end a brokerage relationship. It must comply with Swiss law, particularly the Swiss Code of Obligations (OR) Articles 412-418 governing broker contracts (Mäklervertrag). This document is essential when terminating relationships with various types of brokers, from financial services to real estate intermediaries. The letter needs to address specific Swiss legal requirements regarding notice periods, commission settlements, and ongoing obligations. It should clearly state the termination date, reasons if applicable, and outline the process for handling pending transactions and final settlements. The document becomes particularly important in regulated sectors where additional compliance requirements may apply, and it serves as a formal record of the termination process for both legal and business purposes.
Suggested Sections

1. Recipient Details: Full name, title, and address of the broker or brokerage firm

2. Reference Line: Reference to the original brokerage agreement including date and any reference numbers

3. Notice of Termination: Clear statement of termination and the specific termination date

4. Legal Basis: Reference to relevant termination clause in original agreement and/or applicable Swiss law

5. Outstanding Matters: Statement regarding any pending transactions or commission payments

6. Return of Materials: Instructions regarding return of any company property, documents, or materials

7. Final Settlement: Details of final commission payments or other financial settlements

8. Contact Information: Details for future correspondence regarding administrative matters

9. Closing: Professional closing, signature block, and company details

Optional Sections

1. Cause for Termination: Include only if termination is for cause and needs to be documented

2. Transition Period: Include if there will be a handover period or specific transition arrangements

3. Non-Compete Reminder: Include if the original agreement contained non-compete clauses that survive termination

4. Confidentiality Obligations: Include if specific reminder of ongoing confidentiality obligations is needed

5. Client Transfer: Include if there are specific instructions regarding transfer of client relationships

6. Dispute Resolution: Include if specific dispute resolution procedures need to be referenced

Suggested Schedules

1. Schedule of Pending Transactions: List of all transactions in progress that need to be addressed

2. Commission Calculation Sheet: Detailed breakdown of final commission payments or outstanding amounts

3. Company Property Inventory: List of all company property to be returned

4. Client Account List: List of affected client accounts and their status

5. Handover Checklist: Detailed list of tasks and documents required for proper handover

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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

Insurance

Real Estate

Commodities Trading

Art and Collectibles

Business Brokerage

Maritime Brokerage

Investment Services

Commercial Property

Securities Trading

Relevant Teams

Legal

Compliance

Operations

Sales

Business Development

Risk Management

Finance

Broker Relations

Commercial

Distribution

Corporate Secretariat

Partner Management

Relevant Roles

Chief Executive Officer

Legal Counsel

Compliance Officer

Relationship Manager

Business Development Director

Operations Manager

Contract Manager

Risk Manager

Sales Director

Channel Partner Manager

Broker Relations Manager

Chief Financial Officer

Company Secretary

Head of Distribution

Commercial Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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