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The Broker Contract Agreement is essential for businesses operating in Ireland that engage brokers to facilitate transactions or provide intermediary services. This document is specifically designed to comply with Irish regulatory requirements and establishes the framework for a formal business relationship between a principal company and its appointed broker. It is particularly relevant when engaging brokers in regulated sectors such as financial services, insurance, or property, where compliance with specific Irish legislation such as the Investment Intermediaries Act 1995 and the Central Bank's requirements is mandatory. The agreement includes comprehensive provisions for regulatory compliance, service scope, compensation, data protection, and risk management, making it suitable for both domestic Irish operations and international businesses operating under Irish jurisdiction.

1. Parties: Identification of the principal company and the broker, including registration numbers and regulated status

2. Background: Context of the agreement and brief description of the business relationship

3. Definitions: Defined terms used throughout the agreement, including regulatory terms

4. Appointment and Scope: Terms of broker appointment and detailed scope of authorized services

5. Regulatory Compliance: Obligations regarding regulatory requirements, licenses, and maintaining regulatory status

6. Broker Obligations: Core duties, professional standards, and service level requirements

7. Principal's Obligations: Support, information, and resources to be provided to the broker

8. Compensation: Commission structure, payment terms, and calculation methods

9. Compliance with Laws: Obligations to comply with relevant laws, including AML, data protection, and consumer protection

10. Representations and Warranties: Standard and regulatory-specific warranties from both parties

11. Record Keeping: Requirements for maintaining records and documentation

12. Confidentiality: Protection of confidential information and trade secrets

13. Data Protection: GDPR compliance and data handling requirements

14. Term and Termination: Duration, renewal, and termination provisions

15. Post-Termination: Obligations and rights after contract termination

16. Indemnification: Mutual indemnification provisions and liability allocation

17. Insurance: Required insurance coverage and minimums

18. Governing Law: Irish law as governing law and jurisdiction provisions