Authority to Sell With Exclusive Right to Sell

AUTHORITY TO SELL WITH EXCLUSIVE RIGHT TO SELL AGREEMENT

This Agreement is entered into on this ____ day of _____, 20____, by and between:

PARTIES:

PRINCIPAL:
Name: [Principal’s Full Name]
Citizenship: Filipino
Civil Status: [Married/Single/Widowed]
Age: [Legal Age]
Residential Address: [Complete Residential Address]
Tax Identification Number (TIN): [TIN Number]

And

AUTHORIZED AGENT:
Name: [Agent’s Full Name]
Citizenship: Filipino
Civil Status: [Married/Single/Widowed]
Age: [Legal Age]
Residential Address: [Complete Residential Address]
Tax Identification Number (TIN): [TIN Number]

Hereinafter collectively referred to as the “PARTIES.”

WITNESSETH, that:

WHEREAS, the PRINCIPAL is the lawful owner of certain real property located in the City/Municipality of [City/Municipality], Province of [Province], Philippines, described as follows:
(Insert Property Description here, including title information, lot number, boundaries, and technical details as per the Transfer Certificate of Title or Tax Declaration.)

WHEREAS, the PRINCIPAL desires to grant the AUTHORIZED AGENT the exclusive right to market and sell the property mentioned above;

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements contained herein, the Parties hereby agree as follows:

1. Appointment
The PRINCIPAL appoints the AUTHORIZED AGENT with the exclusive right to market, negotiate, and secure potential buyers for the property.

2. Exclusive Right to Sell
For the duration of this Agreement, the AUTHORIZED AGENT shall exclusively have the right to market and sell the property. The PRINCIPAL agrees not to appoint other agents or attempt to sell the property directly during the term of this Agreement.

3. Duties and Obligations of the AUTHORIZED AGENT
The AUTHORIZED AGENT agrees to:
a. Use best efforts to market, promote, and sell the property.
b. Provide accurate property information and arrange viewings for interested buyers.
c. Promptly notify the PRINCIPAL of any inquiries, offers, or developments.
d. Refrain from any actions that may harm the PRINCIPAL’s interests or reputation.

4. Compensation
The AUTHORIZED AGENT shall receive a commission upon the successful sale of the property. The commission rate and payment terms shall be:

5. Duration
This Agreement shall be valid for [Duration in months or years], starting from the date of execution, unless terminated earlier by written notice from either party.

6. Termination
If the PRINCIPAL sells the property directly or through another agent during the term of this Agreement, the AUTHORIZED AGENT shall be entitled to the agreed-upon commission if the buyer was introduced or negotiated by the AUTHORIZED AGENT during the term of this exclusive arrangement.

7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the Republic of the Philippines.

IN WITNESS WHEREOF, the PARTIES have executed this Agreement on the date and place first above written.

[Principal’s Full Name and Signature]
Principal

[Authorized Agent’s Full Name and Signature]
Authorized Agent

SIGNED IN THE PRESENCE OF:

[Witness 1 Name and Signature]
Address: ___________________

[Witness 2 Name and Signature]
Address: ___________________