AGREEMENTBETWEENAFIRMANDABROKERFORAGENCY
THISAGREEMENTmadeonthe..dayof..BETWEENAB,etc.,afirmcarryingonthebusinessofbuildingcontractorsat.(hereinaftercalledthefirm)oftheonepartandCD,etc.(hereinaftercalledthebroker)oftheotherpart.
WHEREASthefirmwantstosellthepropertydescribedintheScheudleheretoandforthesaidpurposetheservicesofthebrokerarerequired.
ANDWHEREASthesaidbrokerhasshownhiswillingnesstoaccepttheagencyforthesaleofthesaidpropertydescribedintheSchedulehereto.
ANDWHEREASthefirmhasacceptedtopaytothebrokerthepresentratofcommissionof1percent.Ofthesaleprice.
NOWTHEREFORETHISAGREEMENTWITNESSESasfollows:
1. ThefirmherebygivesthebrokerforaperiodofthreemonthsthereoftherighttosellthepropertydescribedintheScheduleheretoatthepriceandonthetermsandconditionshereinaftercontainedinthisagreement.
2. 2.ThebrokerisherebyauthorisedtosellthepropertyonhepriceofRs.1,00,000andoutofthisconsiderationthepurchasershallpayRs.20,000inadvanceasearnestmoneyandthebalanceofRs.80,000shallbepaidwithinamonthhereofbeforetheRegistraratthetimeofregistrationofthesale-deed.
3.ThebrokershallbeauthorisedtosellthepropertyatthepriceofRs.1,00,000andonothertermsandconditionsthatmaybeacceptabletothefirm.
4.ThefirmherebyrepresentsandwarrantsthatthedetailsofthepropertyasdescribedintheScheduleheretoaretrueandcorrectandthesaidpropertyisfreefromallencumbrances.
5.Thefirmherebyundertakestodelivertothepurchaser,withinareasonabletime,asabstractoftitleshowingthatthefirmistheownerofthepropertyandthesaidpropertyisfreefromallencumbrances.
6.Thefirmherebyagreesthatthesale-deedtobeexecutedbythefirmshallbeafullcovenantwarrantydeedfreefromallencumbrances.
INWITNESSWHEREOF,etc.
SCHEDULEOFPROPERTY
Disclaimer
Whileeverycarehasbeentakeninpreparingtheabove-mentionedModelAgreement,stillsomemistakesmayhavecreptin.TheModelAgreementareinthenatureofillustrationsandareintendedfortheguidanceoftheusers/persons.AnyoftheModelAgreementmustbeusedbyadjustingthesametosuittotheneedsoftheuser/person.LegalDepartment,GovernmentofGujaratherebydisclaimsanyandallresponsibilityorliabilitythatmaybeassertedorclaimedfrom,orclaimedtohavearisenduetorelianceplacedupontheuseofanyoftheModelAgreementbyanyuser/person.