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Finder's Fee Agreement

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Finder's Fee Agreement Powered By Docstoc
					A finder's fee is the compensation provided to an intermediary in a specific business
transaction. If it were not for the intermediary, the business transaction would not have
been possible. This agreement lays out the terms and compensation to be awarded to
the intermediary for making the business transaction possible by introducing the two
sides or facilitating an agreement. This document should be used by parties who want
to compensate an intermediary for facilitating a transaction that would not have
otherwise occurred.
                                  FINDER’S FEE AGREEMENT
THIS FINDER’S FEE AGREEMENT (hereinafter "Agreement") is made as of ____ [Month]
____ [Date], 20____, by and between           _______________________________ [Instruction:
Insert the name of company], with its principal office at _______________________________
[Instruction:     Insert    the   address    of    company]      (hereinafter    “Company”),      and
________________________ [Instruction: Insert name of finder], with registered address
at_________________________ [Instruction: Insert address of finder] (hereinafter “Finder”).
The Company and the Finder may individually be referred to as “Party”, or, collectively as
“Parties”.

        WHEREAS, the Company is engaged in a continuous effort to identify prospective
sponsors and prospective marketing and advertising partners and associations for consolidating
its business position; all of those efforts, and any others specifically identified in Schedule A, are
collectively referred to herein as “Business Opportunities”.


        WHEREAS, the Company desires to be introduced to prospective business associates so
that the Company can execute a contract or agreement with such business associate to effect a
particular Business Opportunity included in Schedule B hereto (hereinafter “Approved Business
Opportunities);


        WHEREAS, the Finder is desirous of acting for the purpose of finding and introducing
qualified business associates to the Company for the purpose of effecting one or more Approved
Business Opportunities;


    NOW, THEREFORE, in consideration of the premises and of the mutual representations,
warranties and covenants herein contained and intending to be legally bound hereby, the Parties
hereby agree as follows:




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1. ENGAGEMENT OF THE FINDER
    The Finder shall seek to find and introduce the Company to one or more prospective business
    associates which would materialize into a specific Business Opportunity including a signed
    contract with the Company.       The specific Business Opportunity shall be included in
    Schedule A attached hereto and hereby made a part hereof, as such Schedule A may be
    amended, revised or supplemented from time to time only by a writing executed by the
    Parties. This writing can be a fax or can be an email that is acknowledged by all parties to
    this Agreement. The Finder agrees that he is not an agent of the Company and may not bind
    or obligate the Company.      The Company is not obligated nor required to accept any
    Approved Business Opportunity of any prospective business associate produced by the
    Finder, and the Company may refuse in its sole discretion to enter into, negotiate, execute,
    perform (in whole or in any part), conclude, or consummate any Approved Business
    Opportunity with a prospective business associate produced by the Finder who appropriately
    becomes an "Introduced Party" under this Agreement.

2. FEE SCHEDULE
    a. The Finder total compensation from the Company for all of his efforts and services
        hereunder shall be a fee based on the amounts paid in connection with prospective
        business associates introduced to the Company by the Finder and included in Schedule C
        attached hereto (collectively the "Introduced Parties") with whom the Company
        consummates an Approved Business Opportunity. The fee shall be paid only if, as and
        when the Business Opportunity is finally consummated. The fee shall be computed as a
        percentage of the Consideration (as defined below) paid to the Company. The Finder
        shall receive a fee equal to an amount determined as follows:

        If any Introduced Parties first introduced to the Company by the Finder consummate an
        Approved Business Opportunity with the Company, the Company shall pay to the Finder
        a fee (the "Finder's Fee) equal to ___________ percent (___%) [◊ Ten (10)] of all monies
        received from the Finder’s Business Opportunity including any and all renewals and shall
        be paid within ___________ (___) [Ten (10)] days of receipt of cleared funds from the
        Company. Finder may assign a portion of this fee allocation to be paid directly to one or




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Description: A finder's fee is the compensation provided to an intermediary in a specific business transaction. If it were not for the intermediary, the business transaction would not have been possible. This agreement lays out the terms and compensation to be awarded to the intermediary for making the business transaction possible by introducing the two sides or facilitating an agreement. This document should be used by parties who want to compensate an intermediary for facilitating a transaction that would not have otherwise occurred.
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