This agreement dated ________________________, is
made By and Between __________________________, whose
address is ____________(3)______________, referred
to as "Owner", AND ________________________,
whose address is _____________________,
referred to as "Broker."
1. Employment of Broker. Owner authorizes the broker
to act on Owner's behalf and as attorney-in-fact to
buy, sell and trade in stocks, bonds and other securities
and/or commodities and/or contracts relating to the
same on margin or otherwise for Owner's account and
at his risk in his name.
2. Term of Contract. This contract shall remain
effective until it is revoked by either party on written
notice to each other. Such revocation shall not affect
any liability with respect
to transactions which have been initiated prior to
the revocation.
3. Compensation. Owner agrees to compensate the
broker for the services rendered in accordance with
this contract as follows: [indicate rate of compensation
and how determined].
4. Who is Bound. This contract shall be binding
upon and for the benefit of the parties hereto including
their successors and assignees.
5. Complete Agreement. This contract supersedes
all prior agreements and understandings between the
parties, it may not be modified, changed or altered
by any of the parties without a further written contract
signed by both parties.
6. Signatures. Both the Broker and Owner agree to
the above.
Witnessed or Attested by:
________________________________ ______________________________
"OWNER"
________________________________ _____________________________
"BROKER"
NOTICE
The information in this document is designed to
provide an outline that you can follow when formulating
business or personal plans. Due to the variances of
many local, city, county and state laws, we recommend
that you seek professional legal counseling before
entering into any contract or agreement.
