Business Broker Engagement Agreement

25. No amendment to this Agreement shall be effective unless it is signed in writing and signed by both Parties. 16. The Seller agrees that the Brokerage Fees shall be paid by the Seller at each provision relating to the Transaction, whether taken by the Broker, the Seller or any other person during the term of this Agreement. Finally, pay particular attention to the closing period which offers the intermediary the right to receive a commission for transactions concluded after the termination of the contract, usually depending on the introduction of the parties to the transaction through the intermediary. The purpose of the queue is usually to ensure that the seller is not able to exclude the intermediary from the transaction as soon as the buyer has been identified. Remember that a term such as „introduced“ can be interpreted very broadly. A mere mention of the final buyer in a communication between the intermediary and the seller could be considered an „introduction“. In general, it is preferable to define precisely what a periodic tail commission can trigger, if at all, by reframing conditions that require a more credible or tangible introduction between the final buyer and the seller. 17. During the term of this Agreement, the Broker may have access to or obtain specific company information that the Entity qualifies as confidential or that, in the circumstances of the disclosure, should be treated as confidential by the Broker („Confidential Information“). Confidential information includes information relating to the company or its current or planned activities, financial statements, budgets and forecasts, information relating to customer identification, potential and intended customers, employers, products, computer programs, specifications, manuals, software, analyses, strategies, marketing plans, business plans and other confidential information provided orally, in writing, by subscriptions or by other media.

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