Exclusive agency and sole agency agreements. If the agency agreement is an exclusive agency agreement the agreement must include the following statement: … This means you may have to pay the agent commission even if another agent sells the property or introduces a buyer who later buys the property.
An Exclusive Agency Agreement Template is an Restrictive agreement (involving a good, service, market, or territory) that binds a principal and an agent in an association under which neither can make any similar deals with the other’s competitors (for a specified period).
An Exclusive Agency Agreement that appoints a purchasing agent for the purchase of the goods. Exclusive agency clauses cover:
- Definitions
- Grant
- Principal’s obligations
- Termination
- Termination consequences
- Miscellaneous
- Retention of title
- Reservation of rights
- Interest
- Receipt
- Force majeure
- Severance
- Whole agreement
- Prior agreements
- Discretion
- Change of address
- Notices
- Headings
- Joint and several
- No partnership
- Assignment
- Jurisdiction
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