Cooperating Broker. If a Cooperating Broker is instrumental in securing the successful Purchaser for the Property Cooperating Broker will only be paid a fee (the “Cooperating Broker Fee”) if a separate Commission Agreement with Cooperating Broker has been executed between Seller’s Agent and Cooperating Broker. Any other fee amount, if applicable, due the Cooperating Broker above and beyond the Cooperating Broker Fee will be solely the responsibility of the undersigned Prospective Purchaser/Receiving Party. As such, Cooperating Broker acknowledges it will not be looking to the Seller’s Agent nor Owner for any compensation from any sale of the Property to the Prospective Purchaser other than the aforementioned Cooperating Broker Fee. The Prospective Purchaser/Receiving Party indemnifies and hold the Seller’s Agent and Owner harmless from any claims, liabilities, damages, or actions arising out of any claim or demand from such Cooperating Broker.
Appears in 3 contracts
Sources: Confidentiality Agreement, Confidentiality Agreement, Confidentiality Agreement