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Car Buyer Broker Agreement Template for Philippines

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Key Requirements PROMPT example:

Car Buyer Broker Agreement

"I need a Car Buyer Broker Agreement under Philippine law for a high-net-worth individual client seeking exclusive broker services for luxury vehicle procurement, with specific provisions for imported vehicles and a success fee structure based on achieved purchase price savings."

Document background
The Car Buyer Broker Agreement is a crucial document used in the Philippine automotive market when a client engages a professional broker to assist in the vehicle purchase process. This agreement becomes necessary when buyers seek expert assistance in navigating the complex vehicle purchase process, whether for individual or fleet purchases. The document, structured under Philippine law, particularly the Civil Code and Consumer Act, establishes the scope of the broker's services, their authority to act on behalf of the client, and the terms of compensation. It includes essential provisions for compliance with local transportation regulations, tax requirements, and consumer protection laws. The agreement is particularly important in the Philippine context where vehicle transactions often involve significant documentation requirements and regulatory compliance. It serves to protect both the broker's and client's interests by clearly defining responsibilities, limitations, and expectations throughout the vehicle acquisition process.
Suggested Sections

1. Parties: Identifies the broker and the client (buyer), including complete legal names, addresses, and contact information

2. Background: Explains the context of the agreement - that the client wishes to engage the broker to assist in purchasing a vehicle

3. Definitions: Defines key terms used throughout the agreement, including 'Services', 'Target Vehicle', 'Purchase Price', and 'Broker Fee'

4. Appointment and Scope of Services: Details the client's appointment of the broker and comprehensive list of services to be provided

5. Broker's Obligations: Specifies the broker's duties, including vehicle search, negotiation, documentation assistance, and due diligence requirements

6. Client's Obligations: Outlines the client's responsibilities, including providing accurate requirements, timely responses, and necessary documentation

7. Fees and Payment Terms: Details the broker's compensation structure, payment schedule, and any additional costs or expenses

8. Term and Termination: Specifies the duration of the agreement and circumstances under which either party may terminate

9. Confidentiality: Establishes obligations regarding confidential information shared during the engagement

10. Representations and Warranties: Contains standard representations and warranties from both parties

11. Liability and Indemnification: Defines the extent of broker's liability and indemnification obligations

12. General Provisions: Includes standard boilerplate clauses such as notices, amendments, governing law, and dispute resolution

Optional Sections

1. Exclusivity: Optional clause establishing whether the broker has exclusive rights to represent the client - used when broker requires exclusive arrangement

2. Vehicle Inspection Services: Details additional services for coordinating third-party vehicle inspections - included when broker offers this service

3. Import Assistance: Specific provisions for assistance with importing vehicles - used when dealing with imported vehicles

4. Financing Assistance: Terms regarding broker's assistance in securing vehicle financing - included when broker offers financing support

5. Insurance Coordination: Provisions for helping client obtain vehicle insurance - used when broker provides insurance assistance

6. Post-Purchase Support: Details any after-sale services offered by broker - included when extended support is part of the package

Suggested Schedules

1. Schedule A - Vehicle Requirements: Detailed specifications of the client's vehicle requirements, including make, model, year range, price range, and other preferences

2. Schedule B - Fee Structure: Detailed breakdown of broker's fees, including base fee, success fee, and any additional service charges

3. Schedule C - Required Documents: List of documents required from both parties for vehicle purchase and transfer

4. Appendix 1 - Power of Attorney: Optional power of attorney form authorizing broker to act on client's behalf in specific situations

5. Appendix 2 - Service Level Agreement: Detailed timeline and performance metrics for broker's services

6. Appendix 3 - Compliance Checklist: Checklist of regulatory requirements and necessary documentation under Philippine law

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

Automotive

Professional Services

Financial Services

Transportation

Fleet Management

Luxury Goods

Business Services

Vehicle Import/Export

Relevant Teams

Legal

Procurement

Compliance

Operations

Risk Management

Contract Administration

Fleet Management

Business Development

Customer Relations

Documentation

Relevant Roles

Automotive Broker

Fleet Manager

Procurement Manager

Legal Counsel

Compliance Officer

Vehicle Acquisition Specialist

Business Development Manager

Contract Administrator

Risk Manager

Operations Manager

Private Client Advisor

Transportation Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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