Create Finders Fee Agreement

Finders Fee Agreement: What Is It?

A Finder’s Fee Agreement may be used by a business owner to compensate someone for finding new investors, clients, or other prospects. This agreement will outline the relationship between the business owner and the ‘finder’, and it will also detail the compensation available as a finder’s fee. This type of written agreement will serve to protect both parties in the event that there is an issue or dispute due to finder’s fee claims.

This agreement will need to detail information about both of the parties. The compensation available as a finder’s fee should also be extensively detailed. This could be a set amount or a percentage. The agreement should list if the amount is per prospect or only provided for multiple prospects. The business owner can also detail if there is a specific term during which the finder’s fee is available. This information will ensure there are clear regulations for the payments.