Agreement Between A Firm And A Broker For Agency - Legal Draft

This Agreement made

on the..day of..BETWEEN AB, etc., a firm carrying on the business

of building contractors at.(hereinafter called the firm) of the one part

and CD, etc. (hereinafter called the broker ) of the other part.

Whereas the firm wants to sell the property described in

the Schedule hereto and for the said purpose the services of the broker are

required.And Whereas the said broker has shown his willingness to

accept the agency for the sale of the said property described in the Schedule

hereto.And Whereas the firm has accepted to pay to the broker

the present rat of commission of 1 per cent. Of the sale price.Now Therefore This Agreement Witnesses as follows :1.

The

firm hereby gives the broker for a period of three months thereof the right to

sell the property described in the Schedule hereto at the price and on the

terms and conditions hereinafter contained in this agreement.2.

The

broker is hereby authorised to sell the property on he price of Rs. 1,00,000

and out of this consideration the purchaser shall pay Rs.20,000in advance as

earnest money and the balance of Rs.80,000 shall be paid within a month hereof

before the Registrar at the time of registration of the sale-deed.3.

The

broker shall be authorised to sell the property at the price of Rs.1,00,000 and

on other terms and conditions that may be acceptable to the firm.4.

The

firm hereby represents and warrants that the details of the property as

described in the Schedule hereto are true and correct and the said property is

free from all encumbrances.5.

The

firm hereby undertakes to deliver to the purchaser, within a reasonable time,

as abstract of title showing that the firm is the owner of the property and the

said property is free from all encumbrances.6.

The

firm hereby agrees that the sale-deed to be executed by the firm shall be a

full covenant warranty deed free from all encumbrances.In Witness Whereof, Etc.Schedule of Property