This agreement dated __________(1)___________, is
made By and Between ___________(2)____________, whose address is
____________(3)______________, referred to as "Owner", AND
____________(4)_________, whose address is ________(5)__________,
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:
____________(6)_________________
_____________(7)______________
"OWNER"
____________(6)_________________
____________(8)______________
"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.