Broker Designation Clause Samples
The Broker Designation clause identifies and formally names the broker or brokerage firm involved in a transaction, typically in real estate or business deals. This clause specifies which party is authorized to act as the broker, often including details such as the broker’s name, license number, and contact information. By clearly designating the broker, the clause ensures that all parties know who is responsible for facilitating the transaction and handling communications, thereby preventing disputes over representation and ensuring compliance with legal requirements.
Broker Designation. Shares of Common Stock issued to the Participant under the Plan must be maintained in an account with ▇▇▇▇▇▇▇ ▇▇▇▇▇ or such other broker as may be designated by the Corporation until the shares of Common Stock are sold through that broker.
Broker Designation. Client acknowledges and agrees that Representative has the discretion to designate one or more securities broker- dealers for transactions in Account. In exercising this discretion, the Representative may consider a number of factors, including the broker-dealer's financial strength and stability, the efficiency with which the transaction will be effected, and the value of research products and services that a broker lawfully may provide to assist the Representative in the exercise of its investment discretion. Representative may select brokers who provide research services, may charge commissions that are competitive but that are higher than the lowest available rate that another broker might have charged, if Representative determines in good faith that the commissions are reasonable in relation to the value of the brokerage and research services provided. Client acknowledges and agrees that Client will be responsible for all transaction charges payable to brokers and service providers needed to execute transactions in the Account. Transaction charges payable to a Broker designated by the Client are reflected in a separate account agreement between Client and Broker. Transaction charges payable to brokers designated by Representative will be as negotiated from time to time by Representative, subject to Representatives obligation to obtain best execution for all transactions.