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Finders Fee Agreement
"I need a Finder's Fee Agreement for my Saudi technology company to engage a business consultant who will help us identify potential acquisition targets in the Gulf region, with a success fee structure of 2% for deals under $10 million and 1% for larger deals, starting March 2025."
1. Parties: Identification of the Principal and the Finder, including full legal names, addresses, and commercial registration details
2. Background: Context of the agreement, including the Principal's business objectives and the Finder's expertise
3. Definitions: Key terms used in the agreement, including 'Successful Introduction', 'Target Business', 'Finder's Fee', and 'Qualified Transaction'
4. Appointment and Scope: Details of the Finder's appointment, territory, and specific services to be provided
5. Finder's Obligations: Specific duties and responsibilities of the Finder, including reporting requirements and conduct standards
6. Fee Structure and Payment Terms: Detailed explanation of how the finder's fee is calculated, when it becomes payable, and payment methods
7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
8. Confidentiality: Obligations regarding confidential information and trade secrets
9. Compliance with Laws: Commitment to comply with Saudi Arabian laws, including anti-bribery and commercial agency regulations
10. Sharia Compliance: Specific provisions ensuring the agreement adheres to Islamic financial principles
11. Representations and Warranties: Statements of fact and assurances from both parties
12. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law
13. General Provisions: Standard clauses including notices, amendments, and severability
1. Exclusivity: Used when the Finder is granted exclusive rights for specific territories or target businesses
2. Sub-contractors: Include when the Finder may need to engage other parties to assist in providing the services
3. Non-Circumvention: Added when there's a need to prevent direct dealings between the Principal and introduced parties without the Finder's involvement
4. Intellectual Property: Include when the Finder may need to use the Principal's trademarks or other IP
5. Force Majeure: Added to address unforeseen circumstances that may affect performance
6. Insurance: Include when specific insurance coverage is required for the Finder's activities
7. Non-Competition: Used when the Finder should be restricted from working with competitors
1. Schedule 1: Fee Calculation: Detailed breakdown of fee structures, including percentages, tiers, and calculation methods
2. Schedule 2: Target Business Profile: Specific criteria and characteristics of businesses or opportunities the Finder should pursue
3. Schedule 3: Reporting Template: Standard format for regular activity reports required from the Finder
4. Schedule 4: Compliance Procedures: Detailed procedures for ensuring compliance with Saudi regulations and anti-bribery laws
5. Appendix A: Required Documentation: List of documents required for verification of successful introductions
6. Appendix B: Territory Definition: Detailed description of geographical areas or market segments covered by the agreement
Authors
Applicable Law
Business Day
Confidential Information
Effective Date
Exclusivity Period
Finder
Finder's Fee
Force Majeure Event
Initial Term
Intellectual Property Rights
Introduction
Notice
Party/Parties
Principal
Qualified Transaction
Regulatory Approvals
Relevant Business
Saudi Business Hours
Sharia Compliant
Successful Introduction
Target Business
Target Criteria
Term
Territory
Transaction
Transaction Value
Valid Claim
Appointment
Scope of Services
Exclusivity
Finder's Obligations
Principal's Obligations
Fees and Payment
Success Fee Calculation
Payment Terms
Qualified Transactions
Term and Duration
Termination
Consequences of Termination
Confidentiality
Non-Circumvention
Non-Competition
Representations and Warranties
Compliance with Laws
Sharia Compliance
Anti-Bribery and Corruption
Record Keeping
Reporting Requirements
Intellectual Property
Data Protection
Force Majeure
Assignment and Subcontracting
Relationship of Parties
Notices
Amendments
Waiver
Severability
Entire Agreement
Governing Law
Dispute Resolution
Language of Agreement
Financial Services
Real Estate
Investment Banking
Private Equity
Mergers & Acquisitions
Commercial Real Estate
Industrial Manufacturing
Technology
Healthcare
Energy & Resources
Professional Services
Construction & Infrastructure
Islamic Banking
Legal
Compliance
Business Development
Corporate Development
Mergers & Acquisitions
Finance
Strategy
Commercial
Risk Management
Islamic Banking Advisory
Business Development Manager
Chief Executive Officer
Commercial Director
Legal Counsel
Compliance Officer
Corporate Development Director
Investment Manager
Managing Director
Partnership Manager
Strategic Alliance Manager
Business Broker
Chief Financial Officer
Head of Mergers & Acquisitions
Regional Director
Sharia Compliance Officer
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