Finders Fee Contract Template for Saudi Arabia

The Finder's Fee Contract is essential for businesses operating in Saudi Arabia who wish to formally engage intermediaries for identifying and introducing potential business opportunities, partners, or clients. This document is particularly crucial given Saudi Arabia's relationship-driven business culture and the need to comply with both Sharia law principles and modern commercial regulations. The contract clearly defines the scope of the finder's services, fee structures, and payment triggers while ensuring compliance with Saudi Arabian commercial agency regulations, anti-bribery laws, and tax requirements. It provides protection for both the principal and the finder by establishing clear terms for compensation, avoiding disputes, and maintaining regulatory compliance. The agreement is commonly used in various sectors including financial services, real estate, and corporate transactions, where business introductions play a vital role in market expansion and opportunity development.

1. Parties: Identification of the principal and the finder, including full legal names and addresses

2. Background: Context of the agreement and general purpose of the finder's appointment

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

4. Appointment and Scope: Formal appointment of the finder and detailed description of services to be provided

5. Finder's Obligations: Detailed responsibilities of the finder, including reporting requirements and compliance obligations

6. Principal's Obligations: Responsibilities of the principal, including information provision and cooperation

7. Fee Structure: Detailed calculation method for finder's fee, including triggers for payment and any variations

8. Payment Terms: Timeline and method of payment, including any conditions precedent

9. Term and Termination: Duration of the agreement and circumstances allowing early termination

10. Confidentiality: Obligations regarding confidential information and trade secrets

11. Compliance with Laws: Specific obligations regarding Saudi regulations and Sharia compliance

12. Dispute Resolution: Process for resolving disputes, including jurisdiction and applicable law