Common use of Use of Brokers Clause in Contracts

Use of Brokers. Seller and Buyer hereby warrant that neither Party has an obligation to pay an outside brokerage commission for the sale of the Property. Buyer and Seller hereby agree to indemnify, defend and hold harmless the other Party from and against any liability, cost or expense, plus all costs of collection, including litigation expenses and attorneys’ fees, as a result of a claim for a commission, fee, or other compensation made by any real estate broker, finder, or other person and asserted against the other Party by reason of an arrangement made or alleged to have been made by the indemnifying Party.

Appears in 3 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement, Real Estate Purchase Agreement

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Use of Brokers. Seller and Buyer hereby warrant that neither Party has an obligation to pay an outside brokerage commission for the sale of the Property. Buyer and Seller hereby agree to indemnify, defend and hold harmless the other Party from and against any liability, cost or expense, plus all costs of collection, including litigation expenses and attorneys’ fees, as a result of a claim for a commission, fee, fee or other compensation made by any real estate broker, finder, finder or other person and asserted against the other Party by reason of an arrangement made or alleged to have been made by the indemnifying Party.

Appears in 2 contracts

Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement (Zhone Technologies Inc)

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Use of Brokers. Seller and Buyer hereby warrant that neither Party party has an obligation to pay an outside brokerage commission for the sale of the Property. Buyer and Seller hereby agree to indemnify, defend and hold harmless the other Party party from and against any liability, cost or expense, plus all costs of collection, including litigation expenses and attorneys’ fees, as a result of a claim for a commission, fee, fee or other compensation made by any real estate broker, finder, finder or other person and asserted against the other Party party by reason of an arrangement made or alleged to have been made by the indemnifying Partyparty.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Champion Industries Inc)

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