Finders Fee Consulting Agreement for India

Finders Fee Consulting Agreement Template for India

A comprehensive legal agreement governed by Indian law that establishes the terms and conditions under which a consultant will provide finder's services to identify and introduce potential business opportunities, partners, or investments to the client company. The agreement details the scope of services, success criteria, fee structure, payment terms, and compliance requirements under Indian jurisdiction, while addressing key aspects such as confidentiality, representation warranties, and the independent contractor status of the finder.

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What is a Finders Fee Consulting Agreement?

The Finder's Fee Consulting Agreement is essential for businesses operating in India who seek to formalize arrangements with consultants or intermediaries who facilitate valuable business connections or opportunities. This document is particularly relevant in today's interconnected business environment where professional intermediaries play a crucial role in identifying and introducing potential business partners, investors, or acquisition targets. The agreement, governed by Indian law, typically includes detailed provisions for success criteria, fee calculations, payment triggers, and compliance with local regulations. It's commonly used in various scenarios such as M&A introductions, investment opportunities, strategic partnerships, or significant business relationships, where the finder's role needs to be clearly defined and compensated based on successful outcomes.

What sections should be included in a Finders Fee Consulting Agreement?

1. Parties: Identification of the company engaging the consultant and the consultant providing finder's services

2. Background: Context of the agreement, including the company's need for finder's services and consultant's expertise

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

4. Scope of Services: Detailed description of finder's services, including introduction methods and target criteria

5. Term: Duration of the agreement and renewal provisions

6. Finder's Fee and Payment Terms: Fee calculation methodology, payment triggers, and payment process

7. Representations and Warranties: Statements of fact and promises by both parties regarding their capacity and authority

8. Confidentiality: Protection of confidential information exchanged during the engagement

9. Independent Contractor Status: Clarification that consultant is an independent contractor, not an employee

10. Termination: Grounds for termination and post-termination obligations

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

12. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

What sections are optional to include in a Finders Fee Consulting Agreement?

1. Non-Solicitation: Restrictions on soliciting employees or clients, include when dealing with sensitive business relationships

2. Exclusivity: Include when consultant is granted exclusive rights for certain introductions or territories

3. Compliance with Anti-Corruption Laws: Add when deal involves international parties or high-value transactions

4. Force Majeure: Include when long-term engagement is contemplated

5. Dispute Resolution: Detailed arbitration or mediation procedures, add for high-value agreements

6. Insurance: Include when consultant's activities may create liability risks

7. Intellectual Property Rights: Add when consultant may develop or use proprietary materials

What schedules should be included in a Finders Fee Consulting Agreement?

1. Schedule A - Service Description: Detailed scope of finder's services and target business criteria

2. Schedule B - Fee Structure: Detailed breakdown of fee calculations and examples

3. Schedule C - Target Companies/Sectors: List of specific companies or industry sectors of interest

4. Schedule D - Reporting Requirements: Format and frequency of progress reports

5. Appendix 1 - Contact Details: Key contact persons and communication protocols

6. Appendix 2 - Compliance Checklist: Required documentation and compliance steps for successful introductions

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

Jurisdiction

India

Publisher

Genie AI

Cost

Free to use
Relevant legal definitions
Clauses
Relevant Industries

Financial Services

Investment Banking

Real Estate

Private Equity

Venture Capital

Manufacturing

Technology

Mergers & Acquisitions

Management Consulting

Business Services

Corporate Finance

Industrial

Professional Services

Relevant Teams

Legal

Finance

Business Development

Corporate Development

Strategy

Commercial

Procurement

Executive Leadership

Mergers & Acquisitions

Relevant Roles

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Development Director

Investment Manager

Managing Director

Business Consultant

Mergers & Acquisitions Director

Strategy Director

Finance Manager

Procurement Manager

Commercial Director

Industries
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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