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The Business Broker Listing Agreement is a crucial document used when a business owner decides to engage a professional broker to sell their business in Ireland. This agreement establishes the formal relationship between the parties and outlines the broker's authority to market and negotiate the sale of the business. It is essential for compliance with Irish regulations, particularly the Property Services (Regulation) Act 2011, and includes specific provisions for commission structures, service levels, confidentiality, and marketing authorizations. The document is typically used at the beginning of the sales process and remains active throughout the agreed listing period, protecting both the broker's interests in securing commission and the owner's interests in maintaining confidentiality and achieving a successful sale.

1. Parties: Identifies the business broker and the business owner (client), including full legal names and addresses

2. Background: Outlines the context of the agreement, stating that the owner wishes to sell the business and engage the broker's services

3. Definitions: Defines key terms used throughout the agreement, including 'Business', 'Listing Period', 'Commission', and 'Qualified Buyer'

4. Appointment and Authority: Grants the broker the right to market and sell the business, specifying whether the appointment is exclusive or non-exclusive

5. Broker's Services: Details the specific services the broker will provide, including marketing, buyer screening, and negotiation assistance

6. Listing Period: Specifies the duration of the agreement and any automatic renewal provisions

7. Commission Structure: Details the broker's fees, including commission rate, minimum fees, and payment terms

8. Owner's Obligations: Lists the business owner's responsibilities, including providing accurate information and cooperation

9. Confidentiality: Outlines confidentiality obligations regarding business information and potential buyers

10. Marketing Authorization: Specifies permitted marketing activities and use of business information

11. Termination: States conditions under which either party can terminate the agreement and the consequences

12. Post-Termination Obligations: Describes obligations that survive after agreement termination, including commission rights

13. Governing Law: Confirms Irish law governs the agreement and jurisdiction for disputes