Common use of Broker Obligations Clause in Contracts

Broker Obligations. Broker will treat all correspondence from Factor including Factors contracts and documentation with clients as confidential and will not disclose it to any third party. Broker agrees that at all times while soliciting such business entities for factoring business on behalf of Factor it will conduct itself in a professional manner. Broker hereby represents and warrants to Factor that Broker accepts exclusive liability for any payroll taxes, income tax withholdings or contributions imposed by the Federal Social Security Act or any state law with respect to Broker’s commissions paid pursuant to this Agreement. If required by the laws of the state in which Broker is located and/or conducting business, Broker agrees to maintain a policy of insurance to cover any negligent acts committed by Broker, or Broker’s employees or agents during the performance of any duties under this Agreement, Broker further agrees to hold Factor, free and harmless from any and all claims arising from any such negligent act or omission.

Broker Obligations. Broker will treat all correspondence from Factor including Factors contracts and documentation with clients as confidential and will not disclose it to any third party. Broker Xxxxxx agrees that at all times while soliciting such business entities for factoring business on behalf of Factor it will conduct itself in a professional manner. Broker hereby represents and warrants to Factor that Broker accepts exclusive liability for any payroll taxes, income tax withholdings or contributions imposed by the Federal Social Security Act or any state law with respect to BrokerXxxxxx’s commissions paid pursuant to this Agreement. If required by the laws of the state in which Broker is located and/or conducting business, Broker Xxxxxx agrees to maintain a policy of insurance to cover any negligent acts committed by BrokerXxxxxx, or Broker’s employees or agents during the performance of any duties under this Agreement, Broker Xxxxxx further agrees to hold Factor, free and harmless from any and all claims arising from any such negligent act or omission.