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TERMINATION
When drafting a broker's agreement, it is smart to look at the worst-case scenario. Say the broker does not find good leads -- or fails to do any work at all on your behalf! If so, you should not be locked into an agreement. That's what the termination clause is for.
The broker will, however, want some assurance that it will be paid the partial or entire commission if the seller ultimately consummates a deal with one of the broker's prospects. Unfortunately, some sellers will engage a broker, get a lead, delay any action, and then do the deal after the agreement is terminated. No doubt, this is acting in bad faith, and a broker will be inclined to.
