Common use of Fee Sharing Clause in Contracts

Fee Sharing. Seller and Purchaser each acknowledge that the Principal Broker may pay a portion of the Fee (defined below) to the Cooperating Broker. Payment of a portion of the Fee by the Principal Broker to the Cooperating Broker shall not alter the fiduciary relationships between the parties and the Brokers. Seller is liable for payment of the Fee to the Principal Broker only. The Cooperating Broker shall have no claims directly against Seller.

Appears in 3 contracts

Sources: Commercial Contract of Sale (Cerprobe Corp), Commercial Contract of Sale (Broadview Media Inc), Commercial Contract of Sale (Bollinger Industries Inc)