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Buyer Broker Exclusive Agreement Template for Pakistan

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Key Requirements PROMPT example:

Buyer Broker Exclusive Agreement

"I need a Buyer Broker Exclusive Agreement for a commercial property search in Lahore's business district, with a six-month exclusivity period starting January 2025, and including special provisions for multiple property acquisitions within the same period."

Document background
The Buyer Broker Exclusive Agreement is a crucial document in Pakistani real estate transactions that formalizes the professional relationship between a property buyer and their chosen real estate broker. This agreement is typically used when a buyer wants dedicated, professional representation in their property search and acquisition process, ensuring their interests are protected through exclusive professional representation. The document encompasses essential elements required under Pakistani law, including the scope of the broker's services, territory coverage, duration of exclusivity, commission structures, and the obligations of both parties. It provides legal protection for brokers investing significant time and resources in property searches while ensuring buyers receive committed, undivided professional service. The agreement is particularly relevant in major Pakistani urban centers where real estate transactions are becoming increasingly complex and professional representation is essential.
Suggested Sections

1. Parties: Identification of the buyer and the broker/brokerage firm with complete details

2. Background: Context of the agreement and the buyer's intention to engage the broker

3. Definitions: Key terms used throughout the agreement including 'Property Requirements', 'Territory', 'Exclusive Period', and 'Commission'

4. Appointment and Scope: Exclusive appointment of the broker and detailed scope of services to be provided

5. Term of Agreement: Duration of the exclusive relationship including start and end dates

6. Broker's Rights and Obligations: Detailed listing of broker's duties, responsibilities, and rights

7. Buyer's Rights and Obligations: Detailed listing of buyer's duties, responsibilities, and rights

8. Commission Structure: Details of broker's compensation, payment terms, and circumstances triggering commission payment

9. Confidentiality: Obligations regarding confidential information shared during the relationship

10. Termination: Grounds for termination and the process for ending the agreement

11. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes

12. General Provisions: Standard clauses including notices, amendments, and entire agreement provisions

Optional Sections

1. Protection Period: Used when the parties want to specify a period after termination during which the broker remains entitled to commission

2. Multiple Brokers Coordination: Include when the buyer may work with other brokers in non-competing territories

3. Force Majeure: Include to address circumstances preventing performance due to unforeseen events

4. Digital Communication: Include when parties agree to use electronic means for official communications

5. Special Market Conditions: Add when specific market conditions require special arrangements or considerations

6. Insurance Requirements: Include when specific insurance coverage is required from either party

Suggested Schedules

1. Schedule A - Property Requirements: Detailed specifications of the type of property the buyer is seeking

2. Schedule B - Territory: Geographical area covered by the exclusive agreement

3. Schedule C - Commission Structure: Detailed breakdown of commission calculations and payment terms

4. Schedule D - Broker's Services: Comprehensive list of services to be provided by the broker

5. Appendix 1 - Required Documents: List of documents required from the buyer for property transactions

6. Appendix 2 - Communication Protocol: Agreed procedures for regular communications and updates

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 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

Real Estate

Property Development

Commercial Property

Residential Property

Real Estate Investment

Property Management

Construction

Professional Services

Relevant Teams

Legal

Real Estate

Compliance

Property Acquisition

Contract Administration

Business Development

Investment

Risk Management

Relevant Roles

Real Estate Broker

Property Consultant

Real Estate Agent

Legal Counsel

Contract Manager

Property Buyer Representative

Real Estate Investment Manager

Property Acquisition Manager

Real Estate Transaction Coordinator

Compliance Officer

Business Development Manager

Real Estate Portfolio 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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