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Broker Service Agreement
1. Parties: Identification of the broker and the client, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the parties' intention to enter into a broker relationship
3. Definitions: Key terms used throughout the agreement, including specific industry terminology and regulatory references
4. Scope of Services: Detailed description of brokerage services to be provided, including specific markets or products covered
5. Broker's Obligations: Key responsibilities and duties of the broker, including regulatory compliance, reporting, and standard of service
6. Client's Obligations: Client's responsibilities, including providing accurate information and necessary documentation
7. Compensation: Fee structure, commission rates, payment terms, and calculation methods
8. Term and Termination: Duration of the agreement and conditions for termination by either party
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Data Protection: GDPR compliance and data handling procedures
11. Liability and Indemnification: Limitations of liability and indemnification obligations of both parties
12. Force Majeure: Circumstances excusing performance of obligations
13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction for disputes
14. Entire Agreement: Integration clause confirming the agreement represents the complete understanding between parties
1. Regulatory Compliance: Specific section for financial services regulation compliance, required if dealing with regulated financial products
2. Anti-Money Laundering: Detailed AML procedures, required for financial services brokers
3. Intellectual Property: IP rights and usage terms, needed if proprietary tools or systems are involved
4. Non-Competition: Restrictions on competitive activities, optional based on business needs
5. Insurance: Professional liability insurance requirements, recommended for high-value transactions
6. Assignment: Rights and restrictions regarding transfer of agreement rights, needed for larger organizations
7. Marketing and Branding: Terms for using each party's brands and marketing materials
8. Dispute Resolution: Alternative dispute resolution procedures, recommended for international relationships
1. Schedule 1: Service Description: Detailed breakdown of specific services and deliverables
2. Schedule 2: Fee Schedule: Detailed fee structure, commission rates, and calculation examples
3. Schedule 3: Service Levels: Performance metrics and service level requirements
4. Schedule 4: Required Documentation: List of documents required from clients for compliance purposes
5. Schedule 5: Authorized Representatives: List of authorized contacts for both parties
6. Appendix A: Compliance Procedures: Detailed compliance procedures and checklists
7. Appendix B: Data Processing Terms: Detailed GDPR-compliant data processing terms
8. Appendix C: Commission Calculation Methods: Detailed explanation of commission calculations and examples
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