Do I get terminated as a sub broker if I cannot generate revenue/brokerage ? do I have to compensate for that issue by other means?
It depends on the agreement that you have with the main broker. If he has a clause saying he can terminate, yeah he can. I don’t think there is any need for you to compensate
Thank you Nithin.
Could you please tell that if he terminates me as a sub broker, do I get the security money back?
Suppose I took franchisee of Sharekhan and I fail to generate brokerage for the next 2 years. Will Sharekhan terminate me as their sub broker? And if so, will I get the security deposit back?
Very tough to comment without seeing your agreement, but ideally they are supposed to return back your deposit.