Finder`s Agreement Sample

When it comes to legal agreements, it`s always best to have a clear and concise document that outlines the expectations and responsibilities of all parties involved. One such agreement is the finder`s agreement, which is commonly used in business transactions.

A finder`s agreement is a legal document that outlines the terms and conditions between a business and an individual or entity (the “finder”) who is tasked with finding potential customers, suppliers, or investors for the business. The finder is typically compensated with a fee or commission for any successful introductions or transactions that result from their efforts.

If you`re in the process of drafting a finder`s agreement, it`s important to ensure that it meets all the necessary legal requirements and effectively protects the interests of all parties involved. To help you get started, here is a sample finder`s agreement:

1. Parties involved

The agreement should clearly identify the parties involved, including the name and address of the business and the finder.

2. Services to be provided

Specify the services that the finder will be providing and any limitations or restrictions on their duties. This could include identifying potential customers, suppliers, or investors, providing market research, or making introductions.

3. Compensation

Outline the compensation structure, including any fees or commissions that the finder will receive for successful introductions or transactions.

4. Non-disclosure and confidentiality

Include clauses that protect sensitive information exchanged between the parties and stipulate that the finder will maintain confidentiality and not disclose any information to third parties.

5. Representations and warranties

Both parties should make representations and warranties that they have the legal authority to enter into the agreement, and that all information shared is accurate and true to the best of their knowledge.

6. Term and termination

Specify the length of the agreement and any conditions for termination, such as breach of contract or non-performance.

7. Governing law and jurisdiction

Define the governing law and jurisdiction, as well as any dispute resolution procedures.

By including these key elements in your finder`s agreement, you can ensure a clear and concise document that protects both parties and outlines their expectations and responsibilities. It`s always a good idea to have legal counsel review the agreement before finalizing it to ensure that it meets all the necessary legal requirements.