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Finders Fee Agreement (Real Estate)
"I need a Finder's Fee Agreement (Real Estate) for my investment company based in Amsterdam, where we'll pay a 2% success fee to finders who identify industrial properties valued over €5 million in the Netherlands, with the agreement starting January 2025."
1. Parties: Identification of the Principal and the Finder, including full legal names, addresses, and registration numbers
2. Background: Context of the agreement, including the Principal's desire to find suitable real estate and the Finder's expertise
3. Definitions: Key terms used in the agreement, including 'Property', 'Success Fee', 'Introduction', and 'Transaction'
4. Scope of Services: Detailed description of the finder's services, including property search criteria and introduction methods
5. Fee Structure: Clear definition of the finder's fee calculation method, payment timing, and conditions for fee entitlement
6. Payment Terms: Specific terms for invoice submission, payment deadlines, and handling of VAT
7. Obligations of the Finder: Finder's duties, including information sharing, professional conduct, and compliance requirements
8. Obligations of the Principal: Principal's responsibilities, including information provision and cooperation
9. Confidentiality: Obligations regarding confidential information handling and disclosure restrictions
10. Term and Termination: Duration of the agreement and circumstances for termination
11. Liability and Indemnification: Limitations of liability and indemnification provisions
12. Governing Law and Jurisdiction: Specification of Dutch law application and jurisdiction for disputes
1. Exclusivity: Terms regarding exclusive rights of the Finder, used when exclusive arrangement is agreed
2. Multiple Properties: Additional terms for agreements covering multiple property searches
3. International Transactions: Special provisions for cross-border property transactions
4. Success Bonus: Additional bonus structure for exceeding specified targets
5. Non-Circumvention: Provisions preventing direct dealings between Principal and introduced parties
6. Force Majeure: Provisions for unforeseen circumstances affecting performance
7. Data Protection: GDPR compliance terms when personal data processing is involved
8. Anti-Money Laundering: Specific AML compliance requirements when dealing with high-value transactions
1. Property Requirements: Detailed specifications of the desired property characteristics
2. Fee Calculation Examples: Illustrative examples of how fees will be calculated in different scenarios
3. Required Documentation: List of documents required for property transactions and due diligence
4. Excluded Properties/Parties: List of properties or parties already known to the Principal
5. Compliance Checklist: Checklist of regulatory requirements and necessary verifications
6. Contact Details: Key contact information for all relevant parties and representatives
Authors
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Office Space
Logistics
Healthcare Property
Student Housing
Legal
Real Estate
Property Acquisition
Investment
Business Development
Asset Management
Operations
Finance
Compliance
Risk Management
Real Estate Director
Property Acquisition Manager
Investment Manager
Real Estate Scout
Property Finder
Business Development Manager
Real Estate Portfolio Manager
Asset Manager
Property Development Director
Real Estate Investment Analyst
Chief Investment Officer
Real Estate Operations Manager
Legal Counsel
Contracts Manager
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