tiktok³ÉÈ˰æ

Business Broker Engagement Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Business Broker Engagement Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Business Broker Engagement Agreement

"I need a Business Broker Engagement Agreement for my technology startup in Bangalore, with specific provisions for international buyer introductions and a 12-month exclusivity period starting March 2025."

Document background
The Business Broker Engagement Agreement is a fundamental document used when a business owner or company seeks professional assistance in selling their business in India. This agreement defines the professional relationship between the broker and the client, establishing clear parameters for services, compensation, and responsibilities. It is essential for protecting both parties' interests and ensuring compliance with Indian legal requirements, including the Indian Contract Act, 1872, and relevant commercial regulations. The document typically includes detailed provisions for confidentiality, commission structures, exclusivity periods, and the scope of brokerage services. It serves as the primary reference point for the entire business sale process and helps prevent potential disputes by clearly outlining each party's rights and obligations.
Suggested Sections

1. Parties: Identification of the business broker and the client (owner/seller) with full legal names and addresses

2. Background: Context of the engagement, including brief description of the client's business and intention to engage a business broker

3. Definitions: Key terms used throughout the agreement including 'Business', 'Transaction', 'Commission', 'Confidential Information', etc.

4. Appointment and Scope of Services: Formal appointment of the broker and detailed description of services to be provided

5. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination

6. Broker's Rights and Obligations: Detailed responsibilities and commitments of the broker

7. Client's Rights and Obligations: Responsibilities and commitments of the client, including provision of information and cooperation

8. Compensation Structure: Details of broker's fees, commission rates, payment terms, and conditions for commission earning

9. Confidentiality: Obligations regarding confidential information handling and protection

10. Exclusivity: Terms regarding exclusive or non-exclusive nature of the broker's appointment

11. Representations and Warranties: Statements of fact and promises made by both parties

12. Indemnification: Mutual protection and liability provisions

13. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution

14. General Provisions: Standard clauses including notices, amendments, severability, etc.

Optional Sections

1. Tail Period Provisions: Terms regarding commission rights for deals completed after agreement termination - include when protecting broker's interests in longer-term deals

2. Sub-Broker Authorization: Terms for engaging sub-brokers or co-brokers - include when broker may need to collaborate with other intermediaries

3. International Transaction Provisions: Special terms for cross-border deals - include when international buyers are likely

4. Success Fee Structure: Additional performance-based compensation terms - include for complex deals with variable outcomes

5. Non-Circumvention: Prevention of direct deals between client and broker-introduced parties - include for high-value transactions

6. Marketing Authorization: Specific permissions for marketing the business - include when extensive marketing is planned

7. Dispute Resolution: Detailed arbitration or mediation procedures - include when parties prefer alternative dispute resolution

Suggested Schedules

1. Schedule A - Business Description: Detailed description of the business being sold, including assets, operations, and key features

2. Schedule B - Commission Structure: Detailed breakdown of commission rates, calculation methods, and payment terms

3. Schedule C - Approved Marketing Materials: List of pre-approved marketing materials and methods

4. Schedule D - Required Due Diligence Documents: Checklist of documents and information the client must provide

5. Schedule E - Excluded Parties: List of potential buyers excluded from the broker agreement

6. Appendix 1 - Confidentiality Agreement Template: Standard NDA to be used with potential buyers

7. Appendix 2 - Progress Report Template: Format for periodic progress reports from broker to client

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses



































Relevant Industries

Professional Services

Business Consulting

Real Estate

Manufacturing

Retail

Technology

Healthcare

Hospitality

Financial Services

Construction

Education

Transportation and Logistics

Agriculture

Entertainment and Media

Relevant Teams

Legal

Corporate Development

Mergers & Acquisitions

Finance

Business Development

Compliance

Risk Management

Corporate Secretarial

Executive Leadership

Relevant Roles

Business Broker

Managing Director

CEO

Business Owner

Corporate Lawyer

Legal Counsel

Business Development Manager

M&A Director

Chief Financial Officer

Company Secretary

Investment Banker

Transaction Advisory Manager

Corporate Development Director

Business Valuation Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Legal Services Engagement Letter

An Indian law-compliant engagement letter establishing the terms and conditions of legal services between a law firm and its client.

find out more

Legal Services Engagement Agreement

An Indian law-governed agreement establishing the terms and conditions for legal service provision between a legal practitioner/firm and their client.

find out more

Fee Split Agreement

An Indian law-governed agreement establishing terms for sharing fees, commissions, or revenue between parties, ensuring compliance with Indian regulatory requirements.

find out more

Agreement Of Engagement

An Indian law-governed agreement that establishes terms and conditions for professional engagement between a business entity and service provider.

find out more

Limited Scope Engagement Letter

An Indian jurisdiction document defining limited professional services engagement terms, scope, and boundaries between service provider and client.

find out more

Service Engagement Letter

An Indian law-governed formal letter establishing professional service engagement terms between service provider and client.

find out more

Engagement Contract

An Indian law-governed contract establishing terms and conditions for professional service engagement between parties.

find out more

Advisory Services Engagement Letter

An Indian law-governed engagement letter establishing the terms and conditions for professional advisory services between an advisor and client.

find out more

Business Broker Engagement Agreement

An Indian law-governed agreement establishing terms and conditions between a business broker and client for business sale facilitation services.

find out more

Service Engagement Agreement

An Indian law-governed agreement establishing terms and conditions between service providers and clients for professional service delivery.

find out more

Expert Witness Engagement Letter

A formal engagement letter for expert witness services in India, establishing terms and conditions under Indian law for providing expert testimony or opinions in legal proceedings.

find out more

Professional Services Engagement Letter

An Indian law-governed engagement letter establishing terms and conditions for professional services delivery between service provider and client.

find out more

Contractor Engagement Letter

An Indian law-governed letter establishing terms of engagement between a company and an independent contractor, defining services, compensation, and contractor status.

find out more

Consulting Engagement Letter

An Indian law-governed engagement letter establishing terms and conditions for professional consulting services between a consultant and client.

find out more

Client Engagement Letter

An Indian-law governed professional services document that formally establishes and defines the terms of engagement between a service provider and their client.

find out more

Exclusive Seller Brokerage Engagement Agreement

An exclusive property selling agreement between a property owner and real estate broker in India, compliant with RERA and local regulations.

find out more

Broker Engagement Letter

An Indian law-governed agreement establishing the terms of engagement between a securities broker and their client, incorporating SEBI regulatory requirements.

find out more

Financial Consulting Engagement Letter

An Indian law-governed engagement letter establishing terms and conditions for financial consulting services, including scope, fees, and deliverables.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.