Why is an Agency Agreement so important?

Business agents or Business Brokers are bound by regulations set upon them by the governing bodies in the state or territory they are licensed to operate in.

An agency agreement must be executed BEFORE a business can be advertised for sale by an agent.

Agency agreements also act as a protection mechanism for all parties by clearly stating what the agents role is, any fees being agreed to and when they are payable, they also cover other items such as when an agent can provide an inspection of the business and cover privacy policies.