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Bare Trust And Agency Agreement

Bare Trust And Agency Agreement Template for Pakistan

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Key Requirements PROMPT example:

Bare Trust And Agency Agreement

"I need a Bare Trust and Agency Agreement for a commercial property investment structure where ABC Corp will act as trustee holding legal title to three retail properties in Karachi, with XYZ Investments as beneficiary and Standard Management Co. as agent, to be effective from March 1, 2025."

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Document background
The Bare Trust And Agency Agreement is a specialized legal instrument used in Pakistan when there is a need to separate legal and beneficial ownership of assets while facilitating efficient administration through an appointed agent. This document is particularly useful in situations requiring nominee arrangements, property holding structures, or simplified trust mechanisms. It combines elements of trust law under the Pakistan Trust Act 1882 with agency provisions under the Contract Act 1872, creating a structure where the trustee holds legal title but must act according to the beneficiary's instructions, while the agent handles day-to-day administration. This type of agreement is commonly used in financial services, property transactions, and investment arrangements where transparency of beneficial ownership is important but administrative flexibility is required through agency powers.
Suggested Sections

1. Parties: Identifies and defines the Trustee, Beneficiary, and Agent, including their full legal names and addresses

2. Background: Sets out the context of the agreement, including the purpose of the bare trust arrangement and the appointment of the agent

3. Definitions: Defines key terms used throughout the agreement for clarity and consistency

4. Declaration of Trust: Formal declaration establishing the bare trust and confirming the trustee holds the trust property for the absolute benefit of the beneficiary

5. Appointment of Agent: Formal appointment of the agent and scope of agency authority

6. Powers and Duties of Trustee: Detailed description of trustee's powers, responsibilities, and limitations

7. Powers and Duties of Agent: Comprehensive outline of agent's powers, responsibilities, and limitations

8. Trust Property: Description and details of the property held in trust

9. Administration of Trust: Procedures for managing the trust property and making decisions

10. Fees and Expenses: Details of any fees payable to the trustee and/or agent, and handling of trust expenses

11. Duration and Termination: Terms regarding the duration of the trust and circumstances for termination

12. General Provisions: Standard contract clauses including governing law, notices, amendments, etc.

Optional Sections

1. Successor Trustee Provisions: Procedures for appointing replacement trustees - include when succession planning is desired

2. Indemnification: Specific indemnities beyond standard provisions - include when additional protection is required for trustees/agents

3. Tax Provisions: Specific tax handling procedures - include when complex tax arrangements are involved

4. Dispute Resolution: Detailed dispute resolution procedures - include when specific arbitration or mediation processes are required

5. Anti-Money Laundering Provisions: Specific AML compliance requirements - include for financial assets or when required by regulatory context

6. Force Majeure: Provisions for unforeseen circumstances - include when dealing with long-term or complex trust arrangements

7. Confidentiality: Detailed confidentiality obligations - include when handling sensitive or proprietary information

Suggested Schedules

1. Schedule 1 - Trust Property: Detailed inventory and description of all assets held in trust

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and expense arrangements

3. Schedule 3 - Administrative Procedures: Detailed procedures for day-to-day administration of the trust

4. Schedule 4 - Authorized Signatories: List of authorized signatories and their signing powers

5. Schedule 5 - Reporting Requirements: Details of required reports, their frequency, and content

6. Appendix A - Forms: Standard forms for various trust administration procedures

7. Appendix B - Contact Details: Complete contact information for all relevant parties and their representatives

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

Banking

Real Estate

Wealth Management

Investment Services

Asset Management

Professional Services

Family Office Services

Property Development

Trust Services

Relevant Teams

Legal

Compliance

Wealth Management

Trust Administration

Property Management

Risk & Governance

Corporate Services

Investment Management

Financial Advisory

Operations

Relevant Roles

Trust Manager

Legal Counsel

Compliance Officer

Wealth Manager

Property Manager

Asset Manager

Trust Administrator

Corporate Trustee Officer

Investment Manager

Risk Manager

Company Secretary

Financial Advisor

Estate Planner

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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