A Simple Finders Fee Agreement is commonly used in business contexts where one party seeks to compensate another for making valuable introductions or connections. Under English and Welsh law, this agreement establishes clear terms for when and how finder's fees become payable, protecting both parties' interests while ensuring regulatory compliance. The document is particularly useful for businesses seeking to expand their network through intermediaries, covering introduction criteria, payment triggers, and fee calculations. It's essential to ensure the agreement doesn't inadvertently create regulated activities requiring FCA authorization.
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1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Description of finder's obligations and introduction services
5. Fee Structure: Details of finder's fee calculation and payment terms
6. Payment Terms: Timing and method of payment
7. Term and Termination: Duration of agreement and termination provisions
8. Confidentiality: Protection of confidential information
1. Exclusivity: Used when finder has exclusive rights to provide introductions
2. Non-Circumvention: Prevents direct dealings between introduced parties bypassing the finder
3. Regulatory Compliance: Specific regulatory obligations when activities might touch regulated areas
1. Fee Schedule: Detailed breakdown of fee structure and calculations
2. Services Description: Detailed scope of finder's services
3. Target Introduction Criteria: Specifics of desired introductions and requirements
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