Finders Fee Contract Template for Singapore

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Key Requirements PROMPT example:

Finders Fee Contract

"I need a Finder's Fee Contract for my Singapore-based technology company to engage an independent consultant who will help us find potential investors in the ASEAN region, with a success fee of 2% for introductions that result in investments above $1 million."

Document background
The Finder's Fee Contract is essential for businesses operating in Singapore's dynamic commercial environment where professional intermediaries play a crucial role in facilitating business connections. This document establishes clear parameters for compensation related to successful introductions, while ensuring compliance with Singapore's regulatory framework, including the Securities and Futures Act and Financial Advisers Act where applicable. The contract typically includes detailed provisions on fee structures, success criteria, confidentiality obligations, and compliance requirements, making it particularly relevant for financial services and business development activities in Singapore's sophisticated market.
Suggested Sections

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

2. Background: Context of the agreement and brief description of the business relationship

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

4. Scope of Services: Detailed description of finder's duties, permitted activities, and what constitutes a successful introduction

5. Fee Structure: Payment terms, calculation method, timing of payments, and conditions for fee eligibility

6. Term and Termination: Duration of agreement, termination provisions, and post-termination obligations

7. Confidentiality: Protection of confidential information and trade secrets, including client information

8. Representations and Warranties: Statements regarding finder's capacity, compliance with laws, and authority to act

9. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction for dispute resolution

Optional Sections

1. Non-Compete: Restrictions on finder's activities with competitors, typically used when protecting against competitive activities is important

2. Regulatory Compliance: Specific compliance obligations under Singapore law, particularly relevant when finder's activities may touch regulated areas

3. Insurance: Required insurance coverage provisions, used when significant liability risks exist

4. International Provisions: Cross-border considerations and compliance requirements, included when parties are in different jurisdictions

5. Data Protection: Specific obligations under PDPA for handling personal data, included when personal information will be processed

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fee calculations, payment tiers, and example calculations

2. Target Client Profile: Description of ideal clients or opportunities that the finder should pursue

3. Compliance Guidelines: Specific procedures and requirements for regulatory compliance under Singapore law

4. Reporting Templates: Standard forms for activity reporting and fee claims

5. Excluded Parties List: List of entities or individuals excluded from the scope of the finder's agreement

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

Clauses
Industries

Contract Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore, including requirements for consideration, capacity, and clear terms

Securities and Futures Act (SFA): Regulates financial markets and services in Singapore, particularly relevant if the finder's activities could constitute regulated financial advisory or dealing services

Financial Advisers Act (FAA): Governs the provision of financial advisory services in Singapore, may be applicable if the finder provides investment-related introductions

Employment Act: Relevant for clearly distinguishing the finder's status as an independent contractor rather than an employee

Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Sets out anti-money laundering requirements and due diligence obligations for business transactions

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data in Singapore, relevant for handling information during business introductions

Income Tax Act: Determines tax treatment and obligations related to finder's fees and business income

Goods and Services Tax Act: Governs the application of GST to finder's fee services and related transactions

Limitation Act: Sets statutory time limits for legal claims and actions, important for contract enforcement and payment terms

Monetary Authority of Singapore (MAS) Guidelines: Regulatory guidelines that may affect finder's activities, especially in financial sector introductions

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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