International Law Practice and Business Consultation
Chi-Hung A. Chan, Attorney at Law
Sample Contract Terms:
Buyer represents and warrants that it has used no broker, agent, finder or other person in connection with the transaction contemplated hereby to whom a brokerage or other commission or fee may be payable. Seller represents that it has used no broker, agent, finder or other person in connection with this transaction contemplated hereby to whom a brokerage or other commission or fee may be payable. Each party hereto indemnifies the other party from any claim, liability or expense (including attorneys' fees) arising from a breach by the indemnitor of such representation or warranty contained in this Paragraph.
The parties hereto acknowledge that, if and only when Close of Escrow occurs and the Property is conveyed to Buyer, Seller shall become obligated to pay to ______________________ a broker's commission of ____________________________ Dollars ($__________________). Buyer hereby represents and warrants to Seller that Buyer has incurred no obligation to pay any person or entity any commission, finder fees or other charge in connection with this Agreement or the Property. Buyer shall indemnify and hold Seller harmless from and against any claims or demands for any such commissions, finder fees or other charges which may be asserted by any person or entity.