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Finders Fee Contract
"I need a Finder's Fee Contract for our Irish tech company, where we'll pay a 5% commission to independent consultants who introduce us to potential acquisition targets in the software industry, with the agreement starting from January 2025."
1. Parties: Identifies and defines the principal and the finder with their full legal names and addresses
2. Background: Sets out the context of the agreement and the principal's desire to engage the finder to identify potential opportunities
3. Definitions: Defines key terms used throughout the agreement, including 'Successful Introduction', 'Target Business', and 'Finder's Fee'
4. Appointment and Scope: Defines the finder's role, the exclusive/non-exclusive nature of the appointment, and territorial scope
5. Finder's Services and Obligations: Details the specific services to be provided and the finder's responsibilities
6. Principal's Obligations: Outlines the principal's responsibilities, including providing necessary information and cooperation
7. Fee Structure and Payment Terms: Specifies the finder's fee calculation method, payment timing, and any conditions precedent
8. Term and Termination: States the agreement duration and circumstances for termination
9. Confidentiality: Covers the treatment of confidential information exchanged during the engagement
10. Data Protection: Addresses GDPR compliance and data handling requirements
11. Non-Circumvention: Prevents the principal from bypassing the finder to avoid paying fees
12. General Provisions: Including governing law, jurisdiction, entire agreement, and amendment procedures
1. Non-Solicitation: Prevents parties from hiring each other's employees - include when dealing with larger organizations
2. Intellectual Property: Include when the finder may develop or use proprietary methods or materials
3. Insurance Requirements: Include when the finder's activities carry significant risks or when dealing with regulated industries
4. Compliance with Anti-Bribery Laws: Include for international dealings or when working with government entities
5. Regulatory Compliance: Include when the finder's activities might fall under financial services or other regulated activities
6. Force Majeure: Include when the agreement is long-term or when external factors could significantly impact performance
7. Audit Rights: Include when dealing with complex fee structures or when transparency is crucial
1. Schedule 1: Fee Calculator: Detailed breakdown of fee calculation methods and examples
2. Schedule 2: Target Business Profile: Specific criteria and characteristics of businesses or opportunities being sought
3. Schedule 3: Excluded Opportunities: List of pre-existing contacts or opportunities excluded from the agreement
4. Schedule 4: Reporting Requirements: Templates and timing for progress reports and introduction documentation
5. Schedule 5: Compliance Procedures: Detailed procedures for ensuring regulatory compliance in making introductions
6. Appendix A: Introduction Notice Template: Standard form for documenting introductions made by the finder
Authors
Financial Services
Real Estate
Private Equity
Mergers & Acquisitions
Technology
Professional Services
Manufacturing
Retail
Healthcare
Education
Construction
Energy
Telecommunications
Legal
Business Development
Commercial
Finance
Compliance
Corporate Development
Strategy
Operations
Mergers & Acquisitions
Partnerships
Business Development Manager
Chief Executive Officer
Commercial Director
Legal Counsel
Compliance Officer
Finance Director
Managing Director
Operations Manager
Corporate Development Manager
Strategy Director
Mergers & Acquisitions Manager
Partnership Manager
Head of Growth
Chief Financial Officer
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