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Finders Fee Contract

Finders Fee Contract Template for Ireland

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Key Requirements PROMPT example:

Finders Fee Contract

"I need a Finder's Fee Contract for our Irish tech company, where we'll pay a 5% commission to independent consultants who introduce us to potential acquisition targets in the software industry, with the agreement starting from January 2025."

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Document background
The Finder's Fee Contract is essential for businesses operating in Ireland that wish to formally engage individuals or companies to source new business opportunities, potential acquisitions, or strategic partnerships. This document is particularly relevant in today's interconnected business environment where networking and introductions play a crucial role in business development. The agreement ensures compliance with Irish law, including the Commercial Agents Regulations 1994 and relevant financial services regulations where applicable. It provides clarity on what constitutes a successful introduction, establishes clear payment terms, and includes necessary provisions for data protection and confidentiality. The contract helps prevent future disputes by clearly documenting the scope of the finder's authority, the exclusivity or non-exclusivity of the arrangement, and the duration of the finder's rights to claim fees for successful introductions.
Suggested Sections

1. Parties: Identifies and defines the principal and the finder with their full legal names and addresses

2. Background: Sets out the context of the agreement and the principal's desire to engage the finder to identify potential opportunities

3. Definitions: Defines key terms used throughout the agreement, including 'Successful Introduction', 'Target Business', and 'Finder's Fee'

4. Appointment and Scope: Defines the finder's role, the exclusive/non-exclusive nature of the appointment, and territorial scope

5. Finder's Services and Obligations: Details the specific services to be provided and the finder's responsibilities

6. Principal's Obligations: Outlines the principal's responsibilities, including providing necessary information and cooperation

7. Fee Structure and Payment Terms: Specifies the finder's fee calculation method, payment timing, and any conditions precedent

8. Term and Termination: States the agreement duration and circumstances for termination

9. Confidentiality: Covers the treatment of confidential information exchanged during the engagement

10. Data Protection: Addresses GDPR compliance and data handling requirements

11. Non-Circumvention: Prevents the principal from bypassing the finder to avoid paying fees

12. General Provisions: Including governing law, jurisdiction, entire agreement, and amendment procedures

Optional Sections

1. Non-Solicitation: Prevents parties from hiring each other's employees - include when dealing with larger organizations

2. Intellectual Property: Include when the finder may develop or use proprietary methods or materials

3. Insurance Requirements: Include when the finder's activities carry significant risks or when dealing with regulated industries

4. Compliance with Anti-Bribery Laws: Include for international dealings or when working with government entities

5. Regulatory Compliance: Include when the finder's activities might fall under financial services or other regulated activities

6. Force Majeure: Include when the agreement is long-term or when external factors could significantly impact performance

7. Audit Rights: Include when dealing with complex fee structures or when transparency is crucial

Suggested Schedules

1. Schedule 1: Fee Calculator: Detailed breakdown of fee calculation methods and examples

2. Schedule 2: Target Business Profile: Specific criteria and characteristics of businesses or opportunities being sought

3. Schedule 3: Excluded Opportunities: List of pre-existing contacts or opportunities excluded from the agreement

4. Schedule 4: Reporting Requirements: Templates and timing for progress reports and introduction documentation

5. Schedule 5: Compliance Procedures: Detailed procedures for ensuring regulatory compliance in making introductions

6. Appendix A: Introduction Notice Template: Standard form for documenting introductions made by the finder

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Financial Services

Real Estate

Private Equity

Mergers & Acquisitions

Technology

Professional Services

Manufacturing

Retail

Healthcare

Education

Construction

Energy

Telecommunications

Relevant Teams

Legal

Business Development

Commercial

Finance

Compliance

Corporate Development

Strategy

Operations

Mergers & Acquisitions

Partnerships

Relevant Roles

Business Development Manager

Chief Executive Officer

Commercial Director

Legal Counsel

Compliance Officer

Finance Director

Managing Director

Operations Manager

Corporate Development Manager

Strategy Director

Mergers & Acquisitions Manager

Partnership Manager

Head of Growth

Chief Financial Officer

Industries
Irish Contract Law Act 1956: Governs the basic principles of contract formation, including offer, acceptance, consideration, and contractual capacity
Commercial Agents Regulations 1994 (SI 33/1994): Regulates commercial agency relationships and may apply if the finder acts as an agent in a business-to-business context
Investment Intermediaries Act 1995: Relevant if the finder's fee involves financial service introductions or investment opportunities
Taxes Consolidation Act 1997: Governs the tax treatment of finder's fees, including VAT implications and income tax obligations
Consumer Protection Act 2007: Ensures consumer protection if the finder's activities involve introducing consumers to businesses
General Data Protection Regulation (GDPR) and Data Protection Act 2018: Regulates the handling of personal data in the context of business introductions and referrals
Criminal Justice (Corruption Offences) Act 2018: Ensures the finder's fee arrangement is transparent and does not constitute illegal kickbacks or corrupt payments
Central Bank (Supervision and Enforcement) Act 2013: May apply if the finder's activities involve regulated financial services or products
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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