When does the mandatary's right to a fee arise?

The fee arises upon conclusion of the transaction, unless the contract states otherwise. With exclusive representation, a fee may be due even for a transaction concluded without the agent's direct involvement.

Can a mandate agreement be exclusive?

Yes. An exclusive mandate prohibits the principal from engaging other agents for the same subject matter. In return, the agent typically takes on a more active representation commitment.

How is a mandate agreement terminated?

A mandate ends upon completion of the task, by agreement or by notice. Notice can be given at any time, but may give rise to a damages claim if given at an inopportune moment.

Is the mandatary liable for the result or just for effort?

The mandatary is liable for proper performance of the task (best-efforts obligation), not for a specific result — unless the contract states otherwise. A results obligation is an exception and must be expressly agreed.

Commercial

Mandate agreement

Mandate agreement — representation with results

For real estate agents, commercial representatives and procedural representation.

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Contract Templates Agency Agreement (Mandate) All templates

Real estate agencies with a formal mandate agreement reduce commission disputes by 72 %

The average real estate commission in Slovakia is 3–5 % of the purchase price

Clear termination conditions reduce the cost of early termination by 55 %

A mandate agreement covers the scope of representation, the agent's fee (commission or flat fee), termination conditions and the principal's obligations. AI generates it for real estate, commercial representation and legal procedural mandates.

Legal context

A mandate agreement is governed by §§ 566–576 of the Slovak Commercial Code. The mandatary acts in their own name but on behalf of the principal — ownership of results passes to the principal. For real estate brokerage, Act 186/2009 on financial intermediation applies.

Commercial Code §§ 566–576 — mandate agreement; mandatary acts in own name but on behalf of the principal

Legal basis & glossary

When to use a Mandate agreement

For a real estate agent brokering the sale or rental of property
When appointing a commercial representative to conclude contracts on your behalf
For a procedural representative in administrative proceedings
When you need exclusive representation for a specific act or period

What you get

Scope of representation and authority
Commission or flat fee
Exclusive or non-exclusive representation
Termination conditions

How it works

From idea to signature

Scope of representation and authority

Commission or flat fee

Exclusive or non-exclusive representation

FAQ

Frequently asked questions about Mandate agreement

A mandatary concludes transactions in their own name on behalf of the principal and bears direct liability. A broker merely connects the parties and does not undertake to conclude a contract.