Common use of ESTATE AGENT’S COMMISSION Clause in Contracts

ESTATE AGENT’S COMMISSION. The SELLER shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 and shall be payable upon the date of registration of transfer into the name of the PURCHASER. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER to carry out the PURCHASER's obligations hereunder, then the PURCHASER shall be liable to the SELLER and/or the Agent for the agent's commission above-mentioned. The provisions of this clause 28 hereof, are intended by the SELLER and the PURCHASER to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) and hereby indemnifies and holds the seller free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the purchaser to the property and/or to the seller in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.:

ESTATE AGENT’S COMMISSION. The SELLER shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 4 and shall be payable upon on the date of registration of transfer into the name of the PURCHASER. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER to carry out the PURCHASER's obligations hereunder, then the PURCHASER shall be liable to the SELLER and/or the Agent for the agent's commission above-mentioned. The provisions of this clause 28 16 hereof, are intended by the SELLER and the PURCHASER to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) ), Income Tax number at Receiver or Revenue: and hereby indemnifies and holds the seller free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the purchaser to the property and/or to the seller in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.:

ESTATE AGENT’S COMMISSION. The SELLER shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 4 and shall be payable upon on the date of registration of transfer into the name of the PURCHASER. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER to carry out the PURCHASER's obligations hereunder, then the PURCHASER shall be liable to the SELLER and/or the Agent for the agent's commission above-mentioned. The provisions of this clause 28 17 hereof, are intended by the SELLER and the PURCHASER to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) and hereby indemnifies and holds the seller free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the purchaser to the property and/or to the seller in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.:

ESTATE AGENT’S COMMISSION. The SELLER shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 4 and shall be payable upon the date of registration of transfer into the name of the PURCHASER. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER to carry out the PURCHASER's obligations hereunder, then the PURCHASER shall be liable to the SELLER and/or the Agent for the agent's commission above-mentioned. The provisions of this clause 28 17 hereof, are intended by the SELLER and the PURCHASER to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser PURCHASER hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) and hereby indemnifies and holds the seller SELLER free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the purchaser PURCHASER to the property and/or to the seller SELLER in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.:

ESTATE AGENT’S COMMISSION. The SELLER seller shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 2.3 and shall be payable upon the date of registration of transfer into the name of the PURCHASEReffective date. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER purchaser to carry out the PURCHASERpurchaser's obligations hereunder, then the PURCHASER purchaser shall be liable to the SELLER seller and/or the Agent for the agent's commission above-mentioned. In the event of a deposit having been made, then upon registration of transfer into the name of the purchaser or upon cancellation hereof for whatsoever reason, the Agent shall be entitled to receive payment of commission based on the full purchase price directly out of such deposit, unless the commission shall have been previously paid. Should the sale be cancelled or transfer not be implemented as a result of any failure by the seller to carry out the seller’ obligations hereunder, then the seller shall be liable to the Agent for the agent's commission abovementioned. The provisions of this clause 28 3 hereof, are intended by the SELLER seller and the PURCHASER purchaser to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) ), Receiver of Revenue Income Tax number: and hereby indemnifies and holds the seller free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the purchaser to the property and/or to the seller in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.:

ESTATE AGENT’S COMMISSION. The SELLER Seller shall pay the Agent's Commission of N$ (VAT inclusiveinclusive / exclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 1(c) and shall be payable upon the date of registration of transfer into the name of the PURCHASERPurchaser. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER Purchaser to carry out the PURCHASERPurchaser's obligations hereunder, then the PURCHASER Purchaser shall be liable to the SELLER Seller and/or the Agent for the agent's commission above-mentioned. In the event of a deposit having been made, then upon registration of transfer into the name of the Purchaser or upon cancellation whether under clause 5 below or any other basis, the Agent shall be entitled to receive payment of commission based on the full purchase price directly out of such deposit, unless the commission shall have been previously paid. Should the sale be cancelled or transfer not be implemented as a result of any failure by the Seller to carry out the Seller's obligations hereunder, then the Seller shall be liable to the Agent for the agent's commission abovementioned. The provisions of this clause 28 13 hereof, are intended by the SELLER Seller and the PURCHASER Purchaser to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The purchaser Purchaser hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) and hereby indemnifies and holds the seller Seller free and harmless from and against any claim which may be made by any other Agent in respect of commission arising arrising out of the sale of the property where such other Agent claims to have actually introduced the purchaser Purchaser to the property and/or to the seller Seller in connection with the transaction therein set forth. The commission will be paid into THUS DONE AND SIGNED by the account SELLER at WINDHOEK this day of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.2009 WITNESSES: