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Finders Fee Contract for the United Kingdom

Finders Fee Contract Template for England and Wales

A Finder's Fee Contract is a legally binding agreement governed by English and Welsh law that establishes the terms under which one party (the Finder) will be compensated for successfully introducing business opportunities, clients, or partners to another party (the Principal). The agreement details the scope of introductions, success criteria, fee structure, payment terms, and includes necessary compliance provisions under UK financial services regulations where applicable.

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What is a Finders Fee Contract?

The Finder's Fee Contract is essential for businesses and individuals operating in England and Wales who rely on professional intermediaries for introductions to opportunities, clients, or partners. This agreement type establishes clear parameters for what constitutes a successful introduction, defines the compensation structure, and protects both parties' interests while ensuring compliance with UK financial regulations. The contract is particularly relevant in today's interconnected business environment where networking and introductions play a crucial role in business development and growth.

What sections should be included in a Finders Fee Contract?

1. Parties: Identifies and defines the contracting parties

2. Background: Sets out context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Defines what constitutes a successful introduction

5. Fee Structure: Details the finder's fee amount/percentage and payment terms

6. Payment Terms: Specifies when and how payments will be made

7. Term and Termination: Duration of agreement and termination provisions

8. Governing Law: Specifies applicable law and jurisdiction

What sections are optional to include in a Finders Fee Contract?

1. Exclusivity: Used when finder has exclusive rights to certain introductions

2. Non-Circumvention: Prevents direct dealings that bypass the finder

3. Data Protection: Specific obligations regarding personal data handling

4. Non-Solicitation: Prevents poaching of introduced contacts

What schedules should be included in a Finders Fee Contract?

1. Fee Schedule: Detailed breakdown of fee calculations and scenarios

2. Territory Schedule: Defines geographical scope if applicable

3. Target Client Profile: Describes characteristics of desired introductions

4. Reporting Template: Standard format for reporting introductions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Ƶ

Document Type

Fee Agreement

Cost

Free to use
Relevant legal definitions


























Clauses





























Industries

Financial Services and Markets Act 2000: Key legislation governing financial services activities in the UK. Relevant for ensuring the finder's activities don't constitute regulated activities without proper authorization, compliance with financial promotion rules, and possible FCA authorization requirements.

Bribery Act 2010: Anti-corruption legislation that ensures the finder's fee arrangement doesn't constitute illegal kickbacks or bribes. Requires inclusion of anti-bribery clauses and clear definition of legitimate business purposes.

Consumer Protection from Unfair Trading Regulations 2008: Regulations protecting consumers in business transactions. Relevant if the finder's activities involve consumer transactions, ensuring transparency in business practices.

Data Protection Act 2018 and UK GDPR: Legislative framework for handling personal data. Important for defining data protection obligations and handling procedures if the finder will process personal information.

Limitation Act 1980: Sets statutory limitation periods for legal claims. Relevant for establishing appropriate time limits for fee claims and legal actions under the contract.

Misrepresentation Act 1967: Part of contract law principles governing false statements or misrepresentations made during contract formation. Important for ensuring clarity and truthfulness in the finder's fee arrangement.

Unfair Contract Terms Act 1977: Legislation controlling the use and enforceability of unfair terms in contracts. Ensures balance and fairness in the contract terms.

Agency Law: Common law principles governing agency relationships. Important for defining the scope of authority, clarifying the relationship between parties, and addressing any fiduciary duties.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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