BROKER AND AGENT Clause Samples
The "Broker and Agent" clause defines the roles and responsibilities of brokers and agents involved in a transaction. It typically clarifies whether any brokers or agents are representing the parties, outlines their authority, and may specify how commissions or fees are handled. For example, it might state that a broker is acting solely as an intermediary and not as a party to the agreement, or that each party is responsible for compensating their own agent. This clause ensures transparency regarding representation and helps prevent disputes over agency relationships and commission payments.
BROKER AND AGENT. Lessor and Lessee each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Addendum No. 5. Lessee represents that it has employed CBRE, Inc., as its broker. Lessor represents that it has employed Tishman Speyer Properties, L.P., as its broker. Lessor, pursuant to separate written agreements, has agreed to pay the commission of the aforementioned brokers. Lessor shall indemnify and hold Lessee harmless, and Lessee shall indemnify and hold Lessor harmless, from and against all claim or claims for brokerage or other commission arising from or out of any breach of the foregoing representation and warranty by the respective indemnitor.
BROKER AND AGENT. Lessor and Lessee each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Addendum No.
BROKER AND AGENT. Landlord and Tenant each represents and warrants to the other that neither of them has employed or dealt with any broker, agent or finder in carrying on the negotiations relating to this First Amendment. Each party shall indemnify and hold the other harmless from and against any claim or claims for brokerage or other commissions asserted by any broker, agent or finder engaged by the indemnifying party or with whom the indemnifying party has dealt in connection with this First Amendment.
BROKER AND AGENT. Lease section 38 is modified to add that: Lessee represents and warrants to Lessor that, Lessee has not had any dealings with any broker, finder or other person who may claim any commission or fee in carrying on the negotiations relating to the Addendum other than for ▇▇▇▇▇ Long LaSalle, whose fees due, if any, shall be paid by the Lessee. Lessee shall indemnify and hold Lessor harmless, from and against any claim or claims for brokerage or other commission arising from or out of any breach of the foregoing representation and warranty.
BROKER AND AGENT. Lessor and Lessee each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Lease. Lessee represents that it has employed ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Commercial Real Estate as its broker; Lessor represents that it has employed Virginia Management, Inc. as its broker, and further agrees to pay the commissions accruing to each identified broker pursuant to certain outside agreement(s). Lessor shall indemnify and hold Lessee harmless, and Lessee shall indemnify and hold Lessor harmless, from and against any claim or claims for brokerage or other commission arising from or out of any breach of the foregoing representation and warranty by the respective indemnitors. Lessor appoints and Lessee recognizes, until such time as Lessor otherwise notifies Lessee in writing, Virginia Management, Inc. as Lessor's management agent (referred to in this Lease as "Agent") for the management and operations of the Building including the issuance and receipt of all notices and the instituting and processing all legal actions on behalf of Lessor under this Lease. Lessor appoints and Lessee recognizes, until such time as Lessor otherwise notifies Lessee in writing, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ on all matters as required by law.
BROKER AND AGENT. (A) Lessor and Lessee each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Lease. Lessee represents that it has employed I-arson, Ball & ▇▇▇▇▇, Inc. as its broker; Lessor represents that it has employed ▇▇▇▇ Real Estate Services, Inc. as its broker, and further agrees to pay the commissions accruing to each identified broker pursuant to certain outside agreement(s). Lessor shall indemnify and hold Lessee harmless, and Lessee shall indemnify and hold Lessor harmless, from and against any claim or claims for brokerage or other commission arising from or out of any breach of the foregoing representation and warranty by the respective indemnitor.
(B) Lessor appoints and Lessee recognizes, until such time as Lessor otherwise notifies Lessee in writing, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Company, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇ as Lessor's exclusive, agent (referred to in this Lease as "Agent") for the management and operations of the Building and for the service of process, issuance and receipt of all notices, and instituting and processing all legal actions on behalf of Lessor under this Lease.
BROKER AND AGENT. Lessee represents and wan-ants to Lessor that, except for Woodmark Commercial Services, LLC (the "Broker" who's fees, if any are owed, shall be dictated by a written agreement entered into between Lessor and Broker separate from this Lease,) Lessee has not employed any broker, finder or other person who may claim any commission or fee, in carrying on the negotiations, or had any dealings with any broker, finder or such other person relating to this Lease. Lessee shall indemnify and hold Lessor harmless from and against any claim or claims for brokerage or other commission, fee or amount arising from or out of any breach of the foregoing representation and warranty by Lessee. Lessor appoints and Lessee recognizes, until such time as Lessor otherwise notifies Lessee in writing, R B Associates, Inc. as Lessor's management agent (referred to in this Lease as "Agent") for the management and operations of the Building including the issuance and receipt of all notices and the instituting and processing all legal actions on behalf of Lessor under this Lease.
BROKER AND AGENT. Landlord and Tenant each represents and warrants to the other that neither of them has employed or dealt with any broker, agent or finder in carrying on the negotiations relating to this Fourth Amendment. Each party shall indemnify and hold the other harmless from and against any claim or claims for brokerage or other commissions asserted by any broker, agent or finder engaged by the indemnifying party or with whom the indemnifying party has dealt in connection with this Fourth Amendment.
BROKER AND AGENT. Landlord and Tenant each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Lease. Tenant represents that it has employed CB Richard Ellis as its broker; Landlord represents that it has also em▇▇▇▇▇▇ ▇▇ ▇▇▇hard Ellis as its broker, and further agrees to pay the commissio▇▇ ▇▇▇▇▇▇▇▇ ▇o such identified broker pursuant to certain outside agreements). Landlord shall indemnify and hold Tenant harmless, and Tenant shall indemnify and hold Landlord and its mortgagees harmless, from and against any claim or claims for brokerage or other commission arising from or out of any breach of the foregoing representation and warranty by the respective indemnitors. Landlord appoints and Tenant recognizes, until such time as Landlord otherwise notifies Tenant in writing, CB Richard Ellis as Landlord's exclusive agent (referred to in this Lea▇▇ ▇▇ "▇▇▇▇▇") for the management and operations of the Building and for the service of process, issuance and receipt of all notices, and instituting and processing all legal actions on behalf of Landlord under this Lease.
BROKER AND AGENT. (A) Lessor and Lessee each represent and warrant one to another that, except as hereinafter set forth, neither of them has employed any broker in carrying on the negotiations, or had any dealings with any broker, relating to this Addendum No. 1 to Lease Agreement. Lessor represents that it has employed ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Company as its broker ("Lessor's Broker"); Lessee represents that it has worked with both ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ USA (collectively, "Lessee's Brokers"). Lessor, pursuant to a separate agreement, has agreed to pay the commission of Lessor's Broker, together with the commission of a single, authorized cooperating broker, Lessee represents and warrants to Lessor that in no event shall Lessor be obligated to pay a cooperating broke-rage or other commission to more than one of Lessee's Brokers. Lessor shall indemnify and hold Lessee harmless from and against all claim or claims for brokerage or other commission(s) arising from or out of any breach of the foregoing representation and warranty by Lessor. Lessee shall indemnify and hold Lessor harmless from and against all claim or claims for brokerage or other commission(s) arising from or out of my breach of any of the foregoing representations and warranties by Lessee, and additionally from or out or any conflicting or competing claims made by Lessee's Brokers as to any entitlement and/or amount of commission due to either of Lessee's Brokers and relating to this transaction.
(B) Lessor has designated as of the date first hereinabove stated, ▇▇▇▇▇▇ Management Corporation, its manager of operations, as its agent pursuant to the provisions of the second (2nd) paragraph of the Section of the Original Lease entitled "BROKER AND AGENT."