Buyer Representation Agreement

The undersigned appoints and authorizes Mahandru Associates LLC, a firm registered with State Corporation Commission – Virginia, USA (hereinafter called as "Broker") to represent them in business negotiation and acquisition process with its best of skills and expertise wherever required.

Whereas, Buyer is interested in pursuing a purchase of the Business and

Whereas, Broker is in business of listing and offering businesses for sale and may also represent the Seller as well.

Now therefore, in consideration of the mutual promises and covenants contained in this Agreement, the adequacy and sufficiency of which is hereby acknowledged, Broker and Buyer agree as follows;

Terms and Conditions

  1. Buyer appoints and authorizes the Broker to represent him/her for the negotiating with the Seller on its behalf.
  2. Buyer agrees to compensate the Broker against its time and services for a value of $ .
  3. Broker payment will be released immediately at the time of signing the SPA Sales Purchase Agreement and the payment to the Seller.
  4. Buyer hereby consents to Broker electing to act as dual agent when circumstances warrant, and / or charge a fee / commission from Seller against its time and services.
  5. Broker doesn't constitute any representation, warranty or guarantee of any kind whatsoever, and will not stand liable for any direct or indirect loss, loss of profit, personal or business opportunities, emotional disturbances, special or consequential damages arising out of or in connection with any delay in performance or non-performance as per this agreement.
  6. Should a suit be commenced to enforce the Broker's rights under this agreement and if the Broker is the prevailing party in said suit, the Buyer agrees to pay Broker the expenses and attorney's and court fee incurred in said suit as well as any damages awarded.
  7. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by law.
  8. In accordance with the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act, or E-Sign (the Act) and other applicable local or state legislation regarding Electronic Signatures and Transactions, the parties do hereby expressly agree to the use of electronic signatures as an additional method of signing and/or initialing this Agreement. The parties hereby agree that either party may sign electronically by using a digital signature service.
  9. Any dispute which may arise in connection with the interpretation of the provisions of this contract shall be amicably settled, failing which; State and/or Federal Law of USA will be the governing rule. The award of the arbitration shall be final and binding upon both parties. Nothing in this Agreement is intended to contradict any mandatory provision of any Applicable Law.

Buyer acknowledge that it has read, understood and agreed the terms of this agreement.