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The Commercial Brokerage Contract serves as a crucial legal framework for establishing and managing professional brokerage relationships in the Philippines. This document is essential when engaging a broker for commercial transactions, whether in real estate, securities, or general commerce. The agreement must comply with Philippine laws, including the Civil Code of the Philippines, the Real Estate Service Act (for real estate transactions), and the Securities Regulation Code (for securities transactions). The contract typically includes detailed provisions on service scope, commission structures, territorial rights, and compliance requirements. It's particularly important for businesses seeking professional intermediary services and helps protect both parties by clearly defining their rights, obligations, and the terms of their commercial relationship.

1. Parties: Identification of the broker and the client, including their complete legal names, addresses, and business registration details

2. Background: Context of the agreement, including the client's business needs and the broker's qualifications and licenses

3. Definitions: Key terms used throughout the agreement, including specific industry terminology and technical terms

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided

5. Term and Territory: Duration of the agreement and geographical area where services will be provided

6. Broker's Rights and Obligations: Detailed responsibilities of the broker, including reporting requirements and service standards

7. Client's Rights and Obligations: Client's responsibilities, including providing necessary information and cooperation

8. Commission Structure: Detailed breakdown of commission rates, payment terms, and conditions for commission earning

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Representations and Warranties: Statements of fact and guarantees from both parties

11. Compliance with Laws: Obligations to comply with relevant Philippines laws and regulations

12. Limitation of Liability: Extent and limitations of broker's liability for various circumstances

13. Termination: Conditions and procedures for ending the agreement

14. Post-Termination Obligations: Ongoing obligations after the agreement ends, including commission on pending transactions

15. General Provisions: Standard legal clauses including notices, amendments, governing law, and dispute resolution