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The Success Fee Agreement is a critical document used when parties wish to align compensation with specific outcomes or achievements. Commonly employed in Hong Kong's financial and professional services sectors, this agreement structure incentivizes service providers by linking their remuneration to successful results. The document is particularly relevant for corporate transactions, business advisory services, and performance-based engagements where the service provider's fee is contingent on achieving defined objectives. It includes detailed success criteria, fee calculations, and payment terms, while ensuring compliance with Hong Kong legal requirements and professional standards. The Success Fee Agreement is especially valuable in scenarios where clients seek to share risk with service providers or want to create performance-based incentives.

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and brief description of the underlying transaction or service

3. Definitions: Key terms used throughout the agreement, including 'Success', 'Success Fee', and 'Services'

4. Scope of Services: Detailed description of services to be provided by the service provider

5. Success Criteria: Clear definition of what constitutes 'success' triggering the fee obligation

6. Fee Structure: Calculation method for the success fee, including percentages or fixed amounts

7. Payment Terms: Timing and method of payment, including invoicing process and payment deadline

8. Service Provider's Obligations: Key responsibilities and commitments of the service provider

9. Client's Obligations: Key responsibilities and commitments of the client

10. Term and Termination: Duration of the agreement and circumstances for early termination

11. Confidentiality: Obligations regarding confidential information

12. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

13. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement