Common use of Designated Agent Clause in Contracts

Designated Agent. Option (Initial only if applicable). Buyer hereby authorizes the Firm to designate an individual agent(s) to represent the Buyer, to the exclusion of any other individual agents associated with the Firm. The individual designated agent(s) shall represent only the interests of the Buyer to the extent permitted by law. NOTE: When dual agency arises, an individual agent shall not practice designated agency and shall remain a dual agent if the individual agent has actually received confidential information concerning a seller client of the Firm in connection with the transaction or if designated agency is otherwise prohibited by law.

Designated Agent. Option (Initial only if applicable). Buyer Seller hereby authorizes the Firm to designate an individual agent(s) to represent the BuyerSeller, to the exclusion of any other individual agents associated with the Firm. The individual designated agent(s) shall represent only the interests of the Buyer Seller to the extent permitted by law. (NOTE: When dual agency arises, an individual agent shall not practice designated agency and shall remain a dual agent if the individual agent has actually received confidential information concerning a seller buyer client of the Firm in connection with the transaction or if designated agency is otherwise prohibited by law.)

Designated Agent. Option (Initial only if applicable). Buyer Seller hereby authorizes the Firm to designate an individual agent(s) to represent the Buyer, to the exclusion of any other individual agents associated with the FirmSeller. The individual designated agent(s) shall represent only the interests of the Buyer Seller to the extent permitted by law. NOTE: When dual agency arises, an individual agent shall not practice designated agency and shall remain a dual agent if the individual agent has actually received confidential information concerning a seller client of the Firm in connection with the transaction or if designated agency is otherwise prohibited by law.