The Finder's Fee Contract is essential for businesses operating in Belgium that rely on third-party intermediaries to source new opportunities, clients, or partners. This document type is particularly relevant in today's interconnected business environment where networking and strategic introductions play a crucial role in business development. The agreement, governed by Belgian law, provides a clear framework for compensating individuals or entities that facilitate valuable business connections, while ensuring compliance with relevant Belgian regulations including tax laws, commercial intermediary regulations, and anti-money laundering requirements. The contract typically specifies the nature of desired introductions, success criteria, fee structures, and payment conditions, while incorporating necessary protections for all parties involved. This type of agreement is particularly important for maintaining transparency and avoiding future disputes over commission claims.
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1. Parties: Identification and details of the principal and the finder
2. Background: Context of the agreement and general business purpose
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Formal appointment of the finder and detailed scope of services
5. Finder's Obligations: Specific duties, responsibilities and standards of service
6. Principal's Obligations: Responsibilities of the principal, including information provision and cooperation
7. Fee Structure: Detailed explanation of finder's fees, calculation methods, and payment terms
8. Payment Terms: Timing of payments, invoicing procedures, and payment methods
9. Term and Termination: Duration of the agreement and termination provisions
10. Representations and Warranties: Standard legal assurances from both parties
11. Liability and Indemnification: Allocation of risks and responsibilities between parties
12. General Provisions: Standard legal clauses including notices, amendments, governing law
1. Confidentiality: Terms regarding handling of confidential information, used when sensitive business information will be shared
2. Regulatory Compliance: Specific compliance obligations, included when the services involve regulated activities
3. Non-Circumvention: Prevents direct dealings between principal and introduced parties, used in high-value introductions
4. Exclusivity: Terms regarding exclusive rights to certain introductions or territories, used when agreed
5. Intellectual Property: Protection of IP rights, needed when proprietary information or materials are involved
6. Anti-Corruption: Compliance with anti-corruption laws, included for international or high-value transactions
7. Data Protection: GDPR and data privacy compliance, needed when personal data will be processed
1. Fee Schedule: Detailed breakdown of fee calculations, rates, and payment structures
2. Service Description: Detailed specification of finder's services and deliverables
3. Target Profile: Description of the type of introductions or opportunities being sought
4. Reporting Template: Standard format for activity reports and introduction documentation
5. Compliance Requirements: Specific regulatory or compliance requirements applicable to the services
6. Introduction Protocol: Agreed procedure for making and documenting introductions
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