Exclusive Business Broker Agreement

Any prior and simultaneous communication, negotiation and arrangement between the Parties concerning the subject matter of this Agreement shall be expressly merged and replaced by this Agreement. The provisions of this Agreement may not be explained, supplemented or limited by proof of the use or previous development of transactions. Neither party has been induced to enter into this agreement by any representation, assurance, warranty or agreement of the other party, and neither party relies on this agreement, except as expressly set forth in this agreement. Except as expressly provided in this Agreement, there are no conditions precedent for the effectiveness of this Agreement. Enter the desired percentage of the consideration that the client will pay to the business broker when the transaction is completed. A contract of 10 laterals can be an indicator of the difficulty of the broker in the past and thinks that a contract with «teeth» is necessary to protect his interests. No one likes to sign a big, ugly contract, and your lawyer will probably advise against it. The underlying problem behind a big ugly contract is often that the broker has either poor judgment in choosing clients and/or a bad process. A lawyer can advise you on specific requirements from state to state. Indemnification clauses are often heavily negotiated due to the risks to the parties….