Sub-Broker's Commissions Clause Samples
The 'Sub-Broker's Commissions' clause defines how commissions are allocated and paid to sub-brokers involved in a transaction. Typically, this clause outlines the percentage or method by which sub-brokers receive compensation for their role in facilitating deals, and may specify timing, conditions for payment, and any deductions or exceptions. By clearly establishing the terms for commission payments, this clause helps prevent disputes and ensures all parties understand their financial entitlements, thereby promoting transparency and smooth operation in brokered transactions.
Sub-Broker's Commissions. The Company will directly pay commissions to Broker's Sub-Brokers (as hereinafter defined) according to the Schedule of Commissions attached to each Sub‑Broker's Agreement with the Company. By making such payments the Company will discharge the Company's obligations to Broker and Broker's Sub-Brokers to the extent of such payments. To the extent commissions vest under this Agreement and the Broker Agreement of Broker's Sub‑Brokers, there will be no remittance to Broker of commissions due your Sub-Brokers.