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The Broker Fee Agreement is a critical document used in the United Arab Emirates to formalize the commercial relationship between a broker and their client, establishing clear terms for compensation and service delivery. This agreement is essential for businesses and individuals engaging brokers across various sectors, from real estate to financial services, and must comply with UAE Federal Law No. 18 of 1993 (Commercial Code) and relevant emirate-specific regulations. The document typically includes detailed commission structures, payment triggers, service scope, and compliance requirements. It serves as a vital tool for protecting both parties' interests while ensuring transparency in broker compensation arrangements. The agreement should be tailored to specific brokerage activities while maintaining compliance with UAE regulatory requirements, including any necessary licensing and registration obligations.

1. Parties: Identification of the broker and the client, including full legal names, license numbers, and registered addresses

2. Background: Context of the agreement, including the nature of brokerage services being sought and any relevant business context

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Commission', 'Transaction', and other relevant terminology

4. Scope of Services: Detailed description of the brokerage services to be provided, including specific duties and responsibilities of the broker

5. Broker's Obligations: Specific duties, responsibilities, and standards of service the broker must maintain

6. Client's Obligations: Client's responsibilities, including providing necessary information and cooperation

7. Commission Structure: Detailed breakdown of fees, commission rates, and payment terms

8. Payment Terms: Timing and method of payment, including conditions for commission becoming due

9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

12. Entire Agreement: Standard clause confirming the agreement represents the entire understanding between parties