Agent is organized to conduct a general real estate and brokerage business and desires to be appointed as a rental agent for the villas in the Project, all upon the terms and conditions set forth below.
Therefore, in consideration of mutual agreements contained below, it is agreed between the parties as follows:
1. Principal grants to Agent the non-exclusive right to offer the villas in the Project for rent or lease to its clients on the terms and conditions set forth on Schedule A attached to and made a part of this Agreement.
2. Agent shall receive a commission equal to twenty percent (20%) of the total rental amount. For one-year rental contract, the agent shall receive one-month commission. All commissions shall be inclusive of a seven percent (7%) value added tax and, after deduction of three percent (3%) withholding tax, shall be paid to Agent by check or money transfer within thirty (30) days from the date Developer has received a full rental payment from the purchaser.
3. Principal shall provide brochures of good quality to Agent upon request.
4. The term of this agreement shall commence on the date first written above and shall terminate on ___________, unless extended in writing by both parties.
5. This Agreement shall be interpreted, construed and governed by the laws of the Kingdom of Thailand.
6. This Agreement sets forth the entire agreement between the parties relating to the subject matter hereof and stands in the place of any previous agreement, whether oral or in writing. The parties agree that no amendment to this Agreement shall be binding on the parties unless it is in writing and executed by both parties.
7. This Agreement shall enure to the benefit of and be binding upon the parties and their respective representatives, successors and assigns.