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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."
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
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
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
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Retail Property
Hospitality
Investment Management
Construction
Property Management
Legal
Real Estate
Business Development
Sales
Commercial
Property Management
Investment
Compliance
Operations
Contract Administration
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
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