A North Carolina Finders Agreement, also known as a Finder's Fee Agreement, is a legally binding contract between two parties that outlines the terms and conditions for compensating a finder who helps to connect parties in a business transaction. This agreement is commonly used in North Carolina and operates similarly to finder's fee agreements in other states. The Finders Agreement in North Carolina typically includes various relevant keywords such as: 1. Finder's Fee: This refers to the compensation or fee provided to the finder for successfully facilitating a business transaction. 2. Finder: A person or entity acting as an intermediary, actively searching for potential business opportunities or connecting parties in need with providers of goods, services, or investment opportunities. 3. Principal: The party seeking the assistance of the finder to identify or engage in a business transaction. This can be an individual, corporation, partnership, or any other type of entity. 4. Business Transaction: Refers to any type of agreement or arrangement involving the exchange of goods, services, or investment opportunities between the principal and a third party, which the finder helps to facilitate. 5. Confidentiality: Often included in the agreement, this term ensures that the finder maintains the confidentiality of any privileged information obtained during the business transaction process. 6. Exclusivity: This clause can be specified in the agreement if the principal requires the finder to work exclusively for them. 7. Termination: Specifies the conditions under which either party can terminate the agreement, including reasons such as non-performance, breach of contract, or completion of the task. Types of North Carolina Finder's Agreements may include: 1. Real Estate Finders Agreement: Used when a finder assists in connecting buyers and sellers in real estate transactions. The finder receives a fee upon the successful completion of the transaction. 2. Business Finders Agreement: Applied when the finder introduces potential buyers to business sellers or assists in locating investment opportunities. The finder is compensated based on a percentage of the sale price or the value of the transaction. 3. Employment Finders Agreement: Commonly known as a recruitment fee agreement, this type of agreement is used when a finder connects job seekers with employers. The finder is paid a fee once the referred candidate is hired. 4. General Finders Agreement: Provides a framework for a finder to assist in various transactions, including but not limited to real estate, business, employment, or investment opportunities. The terms and conditions are tailored to the specific needs of the parties involved. In summary, a North Carolina Finders Agreement is a contract used to formalize the relationship between a finder and a principal. It outlines the compensation, terms, and conditions for the finder's assistance in connecting parties in a business transaction. Different types of finder's agreements can be created based on the nature of the transaction, such as real estate, business, employment, or general finders agreements.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.