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    Commission Agreement RT

    Uploaded by

    Aman Goel
    agreement rt

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Commission Agreement RT

    Uploaded by

    Aman Goel
    5 views2 pages
    agreement rt

    Original Title

    COMMISSION AGREEMENT RT

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    © © All Rights Reserved

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    agreement rt

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views2 pages

    Commission Agreement RT

    Uploaded by

    Aman Goel
    agreement rt

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    COMMISSION AGREEMENT

    M/s____________________, a company incorporated under companies


    Act 1956,Having its office at ______________________________through
    its authorized signatory___________duly authorized in this behalf by
    Board Resolution(herein reffered to as FIRST PARTY which expression
    shall ,unless repugnant to context thereof,bedeemed to mean and include
    its successors ,representatives and assigns

    AND

    M/s____________________, a company incorporated under companies


    Act 1956,Having its office at
    _____________________________________________through its
    authorized signatory__________duly authorized in this behalf by Board
    Resolution(herein reffered to as SECOND PARTY which expression
    shall ,unless repugnant to context thereof,be deemed to mean and include
    its successors legal heirs,Sub-Agents etc.

    WHEREAS

    1. The FIRST PARTY along with its associates is developing various


    Commercial Projects in DELHI & NCR,a selection of these projects are
    available for commercial lease as Annexed in Schedule – 1 .

    2. The second party has represented itself to be a Real Estate Facilitator


    and is inter-alia engaged in the business of organising
    /facilitating marketing,Leasing services of real estate products.The second
    party has assured the The FIRST PARTY that it has the wherewithal and
    capacity to bring bookings for sizeable volumes of unit for the said Project.

    3. The FIRST PARTY has entered into and Agreement with DMRC for
    Running a Mall / Commercial operations at

     Karkardooma Metro Station

    And the FIRST Party has approached the SECOND PARTY to get them
    clients and have a LEAVE & LICENSE AGREEMENT with Parties on the
    mutually agreed Terms & Conditions of Minimum Guarantee / Revenue
    Sharing / License Feed etc to be provided to the FIRST Party

    4. The FIRST PARTY agrees to pay a sum of commission equivalent


    to 3 Months Minimum Guarantee / benchmark market rent / received by the
    client.
    5. The First Party agrees to pay 50% Amount of the facilitation fee at the
    time of signing of LOI & rest on Signing of Leave & License Agreement.

    6. There would be a separate fee incase the same party agrees to take
    another unit in a different location as as suggested by the SECOND Party
    to its client

    7. The FIRST PARTY provides SECOND PARTY an exclusivity right to


    Lease out these premises consisting of 50000 sq.ft. exclusively for a period
    of 90 days to the Brands list as shared by the Second Party with the First
    Party and shall not entertain any agent/brokers for the same.

    8. In case the FIRST Party makes a default in providing the space to the
    client in stipulated time than also they would be responsible to pay the
    commission to the SECOND PARTY and in such an event SECOND
    PARTY will not be held responsible for any FINANCIAL/ Legal Loss that
    occurs to the FIRST PARTY and the FIRST PARTY will be liable to pay the
    complete commission to the SECOND PARTY.

    9.Incase of delay in payment FIRST Party will pay the SECOND PARTY an
    interest of 25% per annum,

    INWITNESS WHERE OF the Parties hereto have set and subscribed


    their representatives’ hands unto this Agreement on the day, month and
    year first herein above written in presence of the following witnesses

    FIRST PARTY SECOND PARTY

    WITNESS

    1.

    2.

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