![]() Someone wants to purchase a good and/or service but does not know where to look or whom to speak with, so would like to pay a Broker to find that good and/or service for them.Someone running a business wishes to sell goods and/or services but is unable to reach out and market to find clients and customers, so would like to pay a broker to do that work instead.A Broker has knowledge and contacts in a particular field and is able to introduce a buyer or seller of goods and/or services to each other. ![]() Parties should use a Broker Agreement if: This Agreement outlines the specifics of this relationship and the circumstances under which the Broker will receive a fee for their services. In either situation, the introduction and potential transaction stem directly from the Broker's assistance, which entitles the Broker to financial compensation. The Broker's role may be limited to just introducing a buyer and a seller, or may be more involved in the transaction between the parties and may consist of assisting with the negotiation of the final deal. A Broker Agreement, also known as a Finder's Fee Agreement or a Referral Agreement, sets forth the terms and conditions under which a Broker will either find goods and/or services for a Buyer to purchase or interested buyers for goods and/or services being sold by a Seller.
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