A commercial brokerage agreement is an official document which is drafted when an individual or an organization appoints a broker for any business deal. The agreement has details of both the parties involved in the agreement and the terms and conditions agreed between them.
Sample Commercial Brokerage Agreement
This commercial brokerage agreement has been entered into and drafted on 20th April 2011 between John Woo referred to as the broker and Lee Bruce referred to as the client. As per the agreement the broker has to trade the financial investments of the client.
The terms and conditions that both the parties have to agree to are:
The broker would be providing his services from the residence of the client located at:
34 Henry Cool Road
New York, New Jersey 4567.
The broker will be paid a brokerage fee of twenty percent on the profit amount.
If the broker is found involved in any fraudulent activity, the client can take legal action against him.
The broker won’t be held responsible for any losses occurring due to changing trends in the market.