IV. Commission
Potential Buyer acknowledges that A&M Realty Inc is entitled to a commission for its services as provided herein and agrees that A&M Realty Inc shall be paid such commission as follows:
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For any transaction in which A&M Realty Inc is the listing agent or has an agreement with the owner orally or in writing of any real property/business in which A&M Realty is to be paid a commission by the owner/seller, Potential Buyer will not be liable to A&M Realty Inc for any commission under this Agreement.
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For a period of three years after the execution of this Agreement any transaction in which A&M Realty Inc is not the listing agent or does not have an agreement for the payment of a commission with the owner of any real property/business in which Potential Buyer was introduced to pursuant to this Agreement, Potential Buyer shall agree to pay A&M Realty Inc a commission in the amount of 6% of the purchase price. This agreement extends to instances in which Potential Buyer becomes the owner of said real property/business as well as the manager or lessor. It further extends to instances in which a relative of Potential Buyer becomes the owner, manager or lessor any such real property/business.
V. Indemnity
Potential Buyer agrees to indemnify A&M Realty Inc from any and all damages sought by any party, including but not limited to the owner of any real property/business in which Potential Buyer is introduced pursuant to this Agreement, including claims that said owner was damaged by the sharing of information to Potential Buyer pursuant to this Agreement.
VI. Attorney’s Fees/Costs
In the event Potential Buyer breaches this Agreement and A&M Realty Inc is forced to engage legal counsel to enforce its rights under this Agreement, whether such engagement includes litigation or engagement of legal counsel outside of litigation, Potential Buyer shall be liable for the payment of A&M Realty Inc costs related to engagement of such legal counsel, including all reasonable attorney’s fees, and any other costs associated therewith, including litigation costs.
VII. Amendments
This Agreement cannot be amended or changed unless done so in writing and with the approval of both parties. In order for any amendment to be effective, it must be executed by both Potential Buyer and A&M Realty Inc.
VIII. Electronic Execution
Potential Buyer acknowledges and agrees that this Agreement can be executed electronically via a form submitted through email or completed online. Potential Buyer further acknowledges that by executing this Agreement electronically and submitting the form electronically, Potential Buyer need not execute this form in any other fashion and that such execution shall be as valid as an original signature. This Agreement shall become effective when Potential Buyer electronically executes the same (or otherwise agrees in writing to its terms) and it is not necessary that A&M Realty Inc execute the Agreement.