Fill and Sign the Agreement Broker Contract Form

- 1 - AGREEMENT FOR BROKER TO ACT AS AGENT OF BUYER THIS AGREEMENT dated and effective this the _____day of _____________________,_____, is made by and between ____________________(hereinafter “Buyer”) and ____________________ (hereinafter “Broker”) for the mutual purpose and the consideration agreed to herein, as follows: 1. Exclusive Agent. Buyer authorizes Broker to act as the exclusive agent for Buyer in the purchase of [ list or describe property, the business, items, other ] acceptable to Buyer and meeting these requirements: 2. Compensation to Broker. Buyer guarantees and agrees to pay to Broker a commission of ______per cent of the gross sales price of any [ property, the business, items, other] which is/are subject to this Agreement. [ Alternatively, a fixed amount of $_______may be used for any sale/purchase obtained by Broker, irrespective of price ] 3. Non-Circumvention. Buyer will not participate in any contact, negotiation or arrangement with a prospective seller, other brokers, representatives or agents of seller without prior written authorization from Broker and, in any event, shall remain liable to pay Broker the full commission [ or fixed fee amount] authorized and payable under Article 2 hereinabove. Further, Buyer agrees that Broker, in its sole discretion, may cooperate with other individuals, companies or agents and that any fees thus incurred shall not be allowed to increase the amount of payment due under this Agreement from Buyer to Broker. 4. Buyer’s Cooperation. Buyer agrees to provide such financial information or other information as may be requested by Broker to facilitate an offer by Buyer to make an offer to purchase and to complete a purchase under this Agreement. 5. Broker’s Use of Best Efforts. Broker agrees to use its best efforts to represent only the Buyer in any negotiation or purchase of property subject to this Agreement and to perform any rights and duties hereunder in compliance with the laws of the State of ___________. 6. Confidentiality by Buyer. Buyer agrees not to reveal confidential information as disclosed by Broker about [ properties, items, the business, other ] subject to purchase. 7. Confidentiality by Broker. Broker agrees not to reveal confidential information obtained from or about Buyer save and except in furtherance of the purpose of a transaction as permitted by this Agreement. 8. Property List Required. Broker shall provide Buyer with a written list of subject [ properties, business entities, items, other ] for which Broker is due a commission [ or fixed payment amount ] hereunder if purchased by Buyer. Broker will update this list to - 2 - include any additions no later than twenty-four (24) hours after such [property, business, item, other ] is shown or presented to Buyer for prospective purchase by Buyer. Buyer agrees that Broker is to receive compensation as stated in Article 2 hereinabove for a purchase of any property so listed. 9. Term. The term of this Agreement shall be from the date first listed above until 5:00 PM on the _____day of ______________,______ and shall extend and apply to and include any purchase by Buyer of ______________ as listed in Article 8 above within ______months of the termination date of this Agreement. 10. Entirety. This Agreement constitutes the entire agreement between Buyer and Broker relative to this subject matter and supersedes any prior statements or negotiations between the parties. 11. Notice. Any correspondence or notice permitted or required under this Agreement shall be made by personal delivery, certified or registered United States mail with receipt requested or by national courier service with receipt required to the respective addresses of the parties as follows: Address of Buyer Address of Broker _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ _______________________ 12. Attorneys Fees. If Buyer purchases a property which has been listed with, shown or presented to Buyer by Broker without paying the compensation due to Broker under this Agreement, Buyer agrees to pay all reasonable attorneys fees incurred by Broker in collecting said compensation. 13. Applicable Law and Construction. If any term or condition of this Agreement shall be found to be invalid by a court of competent jurisdiction, the remainder of this Agreement shall remain in effect insofar as possible and is to be construed and enforced according to the laws of the State of _____________. IN WITNESS HEREOF, the parties have agreed to and executed this Agreement as of the day and year first written above. Name of BUYER: Name of BROKER: __________________________ ________________________ __________________________ ________________________ Signature of Buyer Signature of Broker