ESTATE AGENT’S COMMISSION / CONSULTING AGENT COMMISSION. The SELLER shall pay the Agent's Commission of N$ (VAT inclusive) which commission shall be deemed to have been earned upon the signature of this Deed of Sale by both parties, as well as the subsequent fulfilment of clause 3 and shall be payable upon the date of registration of transfer into the name of the PURCHASER. The parties hereto furthermore agree that in the event of the sale being cancelled or transfer not being implemented as a result of any failure by the PURCHASER to carry out the PURCHASER's obligations hereunder, then the PURCHASER shall be liable to the SELLER and/or the Agent for the agent's commission above-mentioned. The provisions of this clause 28 hereof, are intended by the SELLER and the PURCHASER to be a contract for the benefit of the Agent (stipulatio xxxxxx) which may be enforced by the Agent, it being recorded and agreed that the Agent has accepted the benefits hereof by the Agent's signature at the foot hereof. The PURCHASER hereby warrants that the only Agent who introduced him to the said property is (Agent name & tel no.) of (Agency’s name) Income tax number and hereby indemnifies and holds the SELLER free and harmless from and against any claim which may be made by any other Agent in respect of commission arising out of the sale of the property where such other Agent claims to have actually introduced the PURCHASER to the property and/or to the SELLER in connection with the transaction therein set forth. The commission will be paid into the account of the Agency, being: Name of Bank: Bank Branch code: Account type: Account no.: THUS DONE and SIGNED by the SELLER at this day of WITNESSES:
