In the event of a transaction during the term of this Agreement, the Client undertakes to pay to the Business Brokers, upon the conclusion of such a Transaction, a royalty based on the total consideration to be received directly from the Client and/or indirectly from the owners, shareholders, related undertakings and/or its subsidiaries (« parties close to the Client ») as a result of the Transaction. Brokerage agreements in the United States are subject to both federal laws and specific national laws that cover general principles of the contract, such as creation and mutual understanding. Federal laws may limit the services for which contracts can be entered into (e.g. B you can`t make a contract for a broker to do something illegal) and some broad categories, like for example. B contracts for something more like a business partnership than a brokerage/client relationship, but individual national laws may regulate the interpretation of the contract in the event of a dispute. In addition, national and sectoral legislation governs the licensing and qualification of brokers in specialised sectors. For example, the vast majority of states in the real estate industry stipulate that a licensed broker cannot pay an unlicensed real estate agent. .