VERZUN Real Estate Broker, trade license Nr. 618111, broker office Nr. 1990, with a business address of Level 41, Emirates Towers, Dubai, United Arab Emirates
Both parties, in the representation in which they act, acknowledge mutual legal capacity in order to enter into this agreement. The parties gathered in this agreement act out of their own free will and whereby both parties have decided to start a commercial collaboration which they rule according to the following:
The parties acknowledge that they have no authority to act on the other party's behalf in any capacity beyond what is envisaged by this agreement. Neither party shall hold itself out as being associated with the other party other than is envisaged by this agreement, and for the avoidance of doubt this agreement is not an agency agreement.
Both parties agree to accept and comply with the code of conduct or rules of the professional body that governs their business activity, where applicable. Comply and work within the laws of all relevant jurisdictions, in particular in relation to Data Protection and ensuring client confidentiality.
Both parties agree that, in respect of those of clients / properties introduced, they will provide such information relating to the financial and personal circumstances or documentation as may be reasonably required. Both parties will ensure that their clients/owners are aware of this agreement and have consented to being referred or having their property introduced to the other party.
For any agreed sale of a property listed by Listing Agent by a client introduced by Sub-listing Agent to Listing Agent - the Listing Agent hereby agrees to pay the Sub-listing Agent a share of 50% from the total real estate brokerage fees received. Payment of the fees shall be made within 14 days of the formal completion of the acquisition of the property, the “Completion Date”, and subject to receipt of cleared funds from the client for their fees payable, along with any other fees due and payable on the acquisition.
Neither party will, either during or at any time after the termination of this agreement, divulge to any person, firm, company or other entity any confidential information (not being already within the public domain or subsequently coming into the public domain otherwise than through the breach of this clause or as a result of a legal obligation) concerning the business or affairs of the other.
Either party may terminate this agreement on Thirty (30) days written notice to the other party. This agreement shall terminate forthwith: if either party is in material breach of its terms unless such a breach, if capable of remedy, is remedied with 30 days of either party having received written notice of such breach from the other.
This agreement constitutes the entire understanding between the parties with regard to its subject matter. It may not be amended, varied, waived, explained, added to, extended or changed in any way except in writing either by hard copy or electronic mail, signed by a person authorised to execute such modification or amendment on behalf of either party.
Both parties agree that the law, which will regulate their contractual liabilities, will be
VERZUN Real Estate Broker, Level 41, Emirates Towers, Dubai, UAE+971 4 319 7520 | email@example.com | www.verzun.com