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Finders Agreement
"I need a Finder's Agreement for engaging a consultant to source potential distributors for our tech products in Ireland, with exclusive rights for a 12-month period starting January 2025 and a success fee structure of 5% of the first year's revenue from any successful introduction."
1. Parties: Identification of the principal and the finder, including full legal names and addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement, including 'Successful Introduction', 'Commission', 'Target Business'
4. Appointment and Scope: Terms of the finder's appointment and detailed scope of services
5. Finder's Obligations: Specific duties and responsibilities of the finder
6. Principal's Obligations: Responsibilities and commitments of the principal
7. Commission Structure: Detailed explanation of payment terms, commission rates, and calculation methods
8. Payment Terms: Timing and method of commission payments, including any conditions precedent
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Term and Termination: Duration of the agreement and circumstances for termination
11. General Provisions: Standard legal clauses including governing law, notices, and entire agreement
1. Exclusivity: Used when the finder has exclusive rights for specific territories or target businesses
2. Performance Metrics: Include when specific performance targets or KPIs are required
3. Regulatory Compliance: Required when the services involve regulated activities or sectors
4. Data Protection: Detailed GDPR compliance terms when personal data processing is involved
5. Non-Circumvention: Prevents direct dealings between principal and introduced parties without finder's involvement
6. Intellectual Property: Required when the finder may have access to or create IP during the engagement
7. Insurance Requirements: Include when specific insurance coverage is required for the finder
8. Anti-Bribery and Corruption: Required for international dealings or high-value transactions
1. Commission Rates: Detailed breakdown of commission structures and rates for different types of introductions
2. Target Business Profile: Specific criteria and characteristics of businesses or opportunities being sought
3. Excluded Opportunities: List of pre-existing relationships or excluded potential targets
4. Reporting Templates: Standard forms for reporting introductions and tracking progress
5. Compliance Procedures: Detailed procedures for regulatory compliance and due diligence
6. Territory Definition: Geographic or sector-specific boundaries of the finder's authority
Authors
Financial Services
Real Estate
Private Equity
Mergers & Acquisitions
Technology
Manufacturing
Professional Services
Business Consulting
Investment Banking
Commercial Property
Venture Capital
Corporate Finance
Industrial
Retail
Legal
Finance
Business Development
Corporate Development
Mergers & Acquisitions
Compliance
Risk Management
Commercial
Procurement
Strategic Partnerships
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Corporate Development Director
Mergers & Acquisitions Director
Business Broker
Investment Consultant
Legal Counsel
Commercial Director
Finance Director
Business Consultant
Compliance Officer
Risk Manager
Partnership Manager
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