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Contract With Stock Broker
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.
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