What is a Central Agency Agreement?
• A fixed-term and exclusive relationship with a broker/brokerage house to take care of the marketing of the superyacht, when it comes to sale and chartering.
• If contracts are signed, the broker is entitled to commission. Look out for:
• Minimum marketing activity.
• Commission after termination.
• Applicable law (brokerage agreements governed by the laws of Florida can be tough on a seller).
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