Common use of Sellers Commission Clause in Contracts

Sellers Commission. 19.1. In the event that the Purchaser was introduced to the Subject Matter by any party whatsoever claiming commission on the transaction, such commission shall be the sole responsibility of the Purchaser who hereby indemnifies the Seller against any claim whatsoever by any third party relating to commission on the sale of the Subject Matter. 19.2. The Sellers hereby exclude the Auctioneers from the contents in clause 19.1, as a separate agreement has been entered into between the Seller and the Auctioneers. 19.3. The Auctioneer’s commission referred to in clause 19.2 is payable by the Seller, and such commission, and costs, may be deducted by the Auctioneers on acceptance of the Offer by the Seller, from the deposit paid in terms of 7.1 hereof.