Common use of Real Estate Agent Clause in Contracts

Real Estate Agent. Each of the Seller and the Buyer: (i) represents and warrants to the other that it has not employed, been represented by or otherwise dealt with any real estate agent, broker or finder in connection with the sale and purchase of the Property other than Colliers International and that no commission, fee or other compensation is payable in connection with the sale and purchase of the Property except as may be provided in a separate writing signed by the party who is liable for payment of such compensation; and (ii) agrees to indemnify, defend and hold the other harmless from and against any and all claims, damages, losses, liabilities, costs and expenses (including without limitation reasonable attorneys' fees and court costs) arising out of or in connection with any breach of the foregoing representation and warranty.