Document background
The Success Fee Agreement is essential for business arrangements where payment is contingent upon achieving specific outcomes. This document is particularly relevant in Australian business contexts where service providers offer professional services with payment tied to successful results. It is commonly used in corporate advisory, business broking, fundraising, and similar professional services where the service provider's compensation is directly linked to achieving defined objectives. The agreement must comply with Australian contract law and relevant regulatory requirements, including any applicable professional services regulations. The document typically includes detailed success criteria, fee calculations, payment terms, and risk allocation provisions. This type of agreement is particularly important for protecting both parties' interests by clearly defining what constitutes success and how the success fee will be calculated and paid.
