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Finders Fee Agreement (Real Estate) Template for Pakistan

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Key Requirements PROMPT example:

Finders Fee Agreement (Real Estate)

"I need a Finder's Fee Agreement (Real Estate) under Pakistani law for my luxury residential property in Islamabad, offering a 2% finder's fee and exclusive rights to the finder for 3 months starting January 2025."

Document background
The Finder's Fee Agreement (Real Estate) is a critical document used in Pakistani real estate transactions to formalize arrangements between property owners/sellers and individuals or entities who help identify potential buyers or tenants. This agreement type has become increasingly important in Pakistan's growing real estate market, where networking and intermediary services play a vital role in completing successful property transactions. The document typically includes detailed provisions about the property, introduction requirements, fee structures, and payment conditions, all aligned with Pakistani contract law and real estate regulations. It serves to protect both the property owner's interests and the finder's right to compensation, while clearly defining the scope of services and avoiding potential disputes about commission claims. The agreement is particularly relevant in commercial and high-value residential property transactions where multiple intermediaries might be involved.
Suggested Sections

1. Parties: Identification of the principal (property owner/seller) and the finder, including full legal names, addresses, and contact details

2. Background: Context of the agreement, including the principal's intention to sell/lease property and finder's willingness to locate potential buyers/tenants

3. Definitions: Key terms used in the agreement including 'Property', 'Successful Transaction', 'Finder's Fee', 'Qualified Prospect', etc.

4. Appointment: Formal appointment of the finder and specification of the non-exclusive nature of the arrangement

5. Scope of Services: Detailed description of the finder's role, responsibilities, and limitations (particularly noting they cannot negotiate or close deals)

6. Property Details: Specific information about the property/properties for which the finder will seek prospects

7. Fee Structure: Details of the finder's fee calculation, payment terms, and conditions for fee eligibility

8. Payment Terms: Timing and method of payment, including any requirements for invoicing

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

10. Confidentiality: Obligations regarding confidential information about the property and transactions

11. Representations and Warranties: Standard declarations by both parties about their capacity and authority

12. Governing Law: Specification of Pakistani law as governing law and jurisdiction for disputes

13. Notices: Process and addresses for formal communications between parties

Optional Sections

1. Non-Circumvention: Used when there's a risk of the principal directly approaching prospects to avoid paying the finder's fee

2. Exclusivity Period: Include when the finder requests exclusive rights for specific prospects for a limited time

3. Force Majeure: Include in regions with political instability or where external factors might affect performance

4. Insurance Requirements: Include when the finder needs to maintain specific insurance coverage

5. Compliance with Anti-Money Laundering Laws: Include for high-value properties or when dealing with international clients

6. Dispute Resolution: Include detailed arbitration or mediation procedures when parties prefer alternative dispute resolution

7. Multiple Property Provisions: Include when the agreement covers multiple properties or ongoing relationship

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property, including address, size, features, and any specific requirements

2. Schedule B - Fee Structure: Detailed breakdown of fee calculations, including any sliding scales or special conditions

3. Schedule C - Qualified Prospect Requirements: Criteria for determining eligible prospects and proof of introduction requirements

4. Appendix 1 - Required Documentation: List of documents required for proof of introduction and fee claims

5. Appendix 2 - Communication Protocols: Procedures for introducing prospects and reporting activities

6. Appendix 3 - Property Marketing Materials: Approved property information that can be shared with prospects

Authors

Alex Denne

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

Relevant legal definitions





























Clauses






























Relevant Industries

Real Estate

Property Development

Commercial Property

Residential Property

Industrial Property

Retail Property

Hospitality

Investment Management

Construction

Property Management

Relevant Teams

Legal

Real Estate

Business Development

Sales

Commercial

Property Management

Investment

Compliance

Operations

Contract Administration

Relevant Roles

Real Estate Agent

Property Consultant

Business Development Manager

Investment Manager

Property Manager

Real Estate Broker

Sales Director

Business Development Executive

Commercial Property Manager

Investment Advisor

Legal Counsel

Contract Manager

Real Estate Development Manager

Asset Manager

Acquisition 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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