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Buyer's Agent Agreement
1. Parties: Identification of the buyer (principal) and the agent, including full legal names, addresses, and registration numbers where applicable
2. Background: Context of the agreement, including the buyer's intention to purchase property and the agent's qualification to act as a buyer's agent
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Territory', 'Commission', and other relevant terms
4. Appointment and Scope: Formal appointment of the agent and detailed description of services to be provided
5. Agent's Duties and Responsibilities: Comprehensive list of the agent's obligations, including property search, negotiations, due diligence, and reporting
6. Client's Obligations: Buyer's responsibilities, including providing accurate requirements, timely responses, and necessary documentation
7. Property Requirements: Detailed criteria for the property search, including type, location, price range, and essential features
8. Commission and Expenses: Structure and timing of agent's compensation, including commission rates and reimbursable expenses
9. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party
10. Confidentiality: Obligations regarding confidential information shared during the engagement
11. Data Protection: Compliance with Danish data protection laws and handling of personal information
12. Liability and Insurance: Extent of agent's liability, professional indemnity insurance, and limitation of liability provisions
13. Governing Law and Jurisdiction: Confirmation of Danish law governance and jurisdiction for dispute resolution
14. Entire Agreement: Standard clause confirming the agreement represents the complete understanding between parties
1. Exclusivity: Optional clause granting the agent exclusive rights to represent the buyer, recommended for high-value purchases
2. Success Fee: Additional compensation structure based on achieving specific targets, such as price negotiations
3. Power of Attorney: Authorization for the agent to act on behalf of the buyer in specific circumstances
4. International Considerations: Additional provisions for international buyers or cross-border transactions
5. Language: Specification of official language version when agreement is bilingual
6. Alternative Dispute Resolution: Provisions for mediation or arbitration before court proceedings
7. Assignment: Rights and restrictions regarding transfer of rights under the agreement
1. Schedule 1 - Property Requirements Specification: Detailed list of buyer's requirements and preferences for the target property
2. Schedule 2 - Fee Structure: Detailed breakdown of commission rates, success fees, and expense categories
3. Schedule 3 - Service Level Agreement: Specific commitments regarding response times and service standards
4. Schedule 4 - Required Documentation: List of documents required from the buyer for property transactions
5. Schedule 5 - Territory Map: Geographic definition of the search area if territorially restricted
6. Appendix A - Agent's Credentials: Copies of agent's licenses, registrations, and professional certifications
7. Appendix B - Power of Attorney Form: Template for power of attorney if required during the engagement
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