Business Listing Agreement

Business Listing Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Business Listing Agreement for my Singapore-based retail chain with exclusive listing rights for 12 months starting January 2025, including detailed marketing requirements and a tiered commission structure based on final sale price."

Document background

The Business Listing Agreement is a crucial document used when a business owner wishes to engage professional services for selling their business in Singapore. This agreement defines the relationship between the owner and the broker/agency, setting clear expectations for marketing strategy, commission structure, and service delivery. It ensures compliance with Singapore's regulatory framework, including the Companies Act and Contract Law, while protecting both parties' interests. The document typically includes detailed provisions for confidentiality, data protection, and dispute resolution, making it essential for any business sale transaction in Singapore's commercial environment.

Suggested Sections

1. Parties: Identification of contracting parties, including full legal names and registered addresses

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

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of listing services to be provided

5. Term and Termination: Duration of the agreement and termination provisions

6. Commission Structure: Fees, payment terms, and commission calculations

7. Obligations of the Parties: Responsibilities and duties of both parties

8. Confidentiality: Protection of confidential information

9. Governing Law: Singapore law provisions and jurisdiction

Optional Sections

1. Exclusivity: Terms of exclusive listing rights - used when exclusive listing rights are granted

2. Marketing Requirements: Specific marketing obligations and restrictions - used when specific marketing requirements need to be detailed

3. Insurance: Insurance requirements and liability coverage - used when specific insurance requirements are needed

4. Data Protection: PDPA compliance provisions - used when personal data processing is involved

5. Force Majeure: Provisions for unforeseen circumstances - used when protection against extraordinary events is needed

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the business/property being listed

2. Schedule 2 - Commission Structure: Detailed breakdown of commission rates and calculations

3. Schedule 3 - Marketing Plan: Detailed marketing strategy and activities

4. Appendix A - Required Documentation: List of required documents for listing

5. Appendix B - Service Level Agreement: Specific performance metrics and standards

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Real Estate
Retail
Food & Beverage
Manufacturing
Professional Services

Relevant Teams

Legal
Business Development
Commercial
Finance
Mergers & Acquisitions

Relevant Roles

Business Broker
Business Development Manager
M&A Director
Commercial Director
Legal Counsel

Industries

Contract Law (Chapter 53A): Primary legislation governing contract formation, terms, and enforcement in Singapore. Essential for structuring the basic elements of the Business Listing Agreement.

Companies Act (Chapter 50): Regulates business entities in Singapore, relevant for verifying party credentials and corporate authority to enter into listing agreements.

Estate Agents Act (Chapter 95A): Governs real estate agency practices if the listing involves property. Sets requirements for professional conduct and licensing.

Competition Act (Chapter 50B): Ensures fair trading practices and prevents anti-competitive behavior in business listings and arrangements.

Residential Property Act: Specific regulations for residential property listings, including restrictions on foreign ownership and transaction requirements.

Commercial and Industrial Property Act: Governs listings and transactions of commercial and industrial properties, including zoning and usage requirements.

Planning Act: Regulations regarding property usage, zoning, and development restrictions that may affect property listings.

Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data in listings and transactions, including client information protection.

Consumer Protection (Fair Trading) Act: Protects consumers' interests and ensures fair trading practices in business listings and related transactions.

Price Control Act: Regulations regarding pricing and fee structures in business transactions and listings.

Electronic Transactions Act: Governs electronic signatures and digital contracts if the listing agreement is executed electronically.

Corruption, Drug Trafficking and Other Serious Crimes Act: Anti-money laundering regulations affecting business transactions and due diligence requirements.

CEA Guidelines: Council for Estate Agencies guidelines establishing professional standards and practices for property listings and transactions.

PDPA Guidelines for Real Estate Agency Sector: Specific data protection guidelines for handling personal information in real estate transactions and listings.

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Authors

Alex Denne

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