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Simple Finders Fee Agreement

Simple Finders Fee Agreement Template for New Zealand

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Key Requirements PROMPT example:

Simple Finders Fee Agreement

"I need a Simple Finder's Fee Agreement for my tech startup based in Auckland, offering 5% commission to independent consultants who introduce potential SaaS clients, with a 12-month tail period and minimum deal size of NZD 50,000."

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Document background
The Simple Finder's Fee Agreement is a fundamental business document used in New Zealand when one party (the finder) agrees to introduce potential business opportunities, clients, or partners to another party (the principal) in exchange for a fee. This document is particularly relevant in today's interconnected business environment where networking and referrals play a crucial role in business development. The agreement needs to comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and relevant financial services regulations. It typically includes detailed provisions about what constitutes a qualified introduction, the fee structure, payment terms, and the duration of the finder's rights to compensation. This Simple Finder's Fee Agreement is designed to provide clear terms while maintaining flexibility for various business contexts and protecting both parties' interests under New Zealand law.
Suggested Sections

1. Parties: Identifies and provides full legal details of the principal and the finder

2. Background: Contextual information explaining the purpose of the agreement and the finder's role

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Clearly outlines what the finder is expected to do and what constitutes a successful introduction

5. Fee Structure: Details the finder's fee amount or calculation method, and payment terms

6. Payment Terms: Specifies when and how payments will be made, including any conditions precedent

7. Representations and Warranties: Standard warranties from both parties about their capacity and authority

8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

9. Confidentiality: Obligations regarding confidential information shared during the engagement

10. General Provisions: Standard legal clauses including governing law, notices, and entire agreement

Optional Sections

1. Exclusivity: Used when the finder is granted exclusive rights for specific introductions or territories

2. Regulatory Compliance: Required when the finder's activities may fall under financial services regulations

3. Dispute Resolution: Detailed dispute resolution procedures, recommended for higher-value arrangements

4. Non-Circumvention: Prevents the principal from bypassing the finder to avoid paying fees

5. Limitation of Liability: Caps on liability, particularly important for higher-value transactions

6. Insurance: Required when the finder needs to maintain specific insurance coverage

7. Anti-Money Laundering: Required when transactions fall under AML regulations

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fees for different types of introductions or successful outcomes

2. Target Criteria: Specific criteria for potential introductions (e.g., business size, industry, location)

3. Excluded Parties: List of entities or individuals excluded from the finder's fee arrangement

4. Required Information: Format and content requirements for introducing potential opportunities

5. Compliance Requirements: Specific regulatory or compliance requirements applicable to the services

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions





























Clauses






























Relevant Industries

Financial Services

Real Estate

Mergers & Acquisitions

Professional Services

Technology

Manufacturing

Business Consulting

Investment Banking

Private Equity

Commercial Property

Recruitment

Business Brokerage

Relevant Teams

Legal

Business Development

Corporate Development

Finance

Commercial

Mergers & Acquisitions

Strategic Partnerships

Executive Leadership

Business Operations

Relevant Roles

Business Development Manager

Chief Executive Officer

Commercial Director

Business Broker

Finance Director

Legal Counsel

Corporate Development Manager

Mergers & Acquisitions Director

Investment Manager

Business Consultant

Commercial Manager

Partnership Manager

Strategic Alliance Manager

Industries







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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