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Commercial Loan Broker Agreement Template for Ireland

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Key Requirements PROMPT example:

Commercial Loan Broker Agreement

"I need a Commercial Loan Broker Agreement under Irish law for my fintech company acting as a broker, with exclusive rights to arrange commercial property loans and a success-based fee structure, including specific provisions for digital platform operations."

Document background
The Commercial Loan Broker Agreement is designed for use in the Irish market when a business seeks to engage a professional intermediary to source and arrange commercial financing. This document establishes the formal relationship between a regulated loan broker and their business client, incorporating requirements under Irish financial services law, including the Central Bank Act 1997 and relevant EU regulations. The agreement covers crucial aspects such as broker authorization, service scope, fee structures, regulatory compliance, and confidentiality obligations. It's particularly relevant in today's complex lending environment where businesses increasingly rely on specialized intermediaries to access diverse funding sources. The document includes provisions for both success-based and fixed-fee arrangements, data protection compliance, and risk allocation between parties.
Suggested Sections

1. Parties: Identification of the broker and the client company, including registered addresses and company numbers

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement

4. Scope of Services: Detailed description of the broker's services, including loan sourcing, negotiation, and documentation assistance

5. Broker's Obligations: Key responsibilities including regulatory compliance, due diligence, and professional standards

6. Client's Obligations: Client's responsibilities including information provision, cooperation, and disclosure requirements

7. Regulatory Compliance: Compliance with Irish financial services regulations and authorization requirements

8. Fees and Commission: Fee structure, payment terms, and commission calculations

9. Confidentiality: Confidentiality obligations and permitted disclosures

10. Data Protection: GDPR compliance and data handling requirements

11. Term and Termination: Duration of agreement and termination provisions

12. Liability and Indemnification: Limitation of liability and mutual indemnification provisions

13. General Provisions: Standard boilerplate clauses including notices, assignment, and governing law

Optional Sections

1. Success Fee Structure: Detailed provisions for success-based compensation, used when fees are contingent on successful loan placement

2. Exclusivity: Terms of exclusive arrangement, included when broker has exclusive rights to represent the client

3. Multi-jurisdictional Services: Additional provisions for cross-border services, used when broker operates in multiple jurisdictions

4. Sub-broker Arrangements: Terms governing the use of sub-brokers, included when broker may delegate services

5. Professional Insurance: Specific insurance requirements, included for high-value transactions or regulatory requirements

6. Marketing and Branding: Terms for use of client's name and branding, included when broker markets client's requirement to lenders

Suggested Schedules

1. Schedule 1 - Service Description: Detailed breakdown of specific services to be provided

2. Schedule 2 - Fee Schedule: Detailed fee structure, commission rates, and calculation methods

3. Schedule 3 - Required Documentation: List of documents and information client must provide

4. Schedule 4 - Regulatory Authorizations: Copies or details of broker's regulatory licenses and authorizations

5. Schedule 5 - Key Personnel: List of key personnel responsible for service delivery

6. Appendix A - Standard Terms: Standard terms and conditions referenced in the main agreement

7. Appendix B - Data Processing Terms: Detailed GDPR-compliant data processing terms

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

Relevant legal definitions


































Clauses


































Relevant Industries

Financial Services

Banking

Commercial Real Estate

Manufacturing

Retail

Technology

Healthcare

Construction

Infrastructure

Professional Services

Agriculture

Hospitality

Relevant Teams

Legal

Finance

Treasury

Business Development

Compliance

Risk Management

Operations

Corporate Finance

Credit

Commercial

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Commercial Director

Business Development Manager

Legal Counsel

Compliance Officer

Risk Manager

Financial Controller

Operations Director

Credit Manager

Corporate Finance Manager

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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