A Houston Texas Finders Agreement is a legally binding contract that outlines the terms and conditions between a business or individual (the "Principal") and a professional finder or intermediary (the "Finder") based in Houston, Texas. This agreement defines the services to be provided by the Finder, the compensation structure, and the rights and obligations of both parties involved in the finder's arrangement. In a Houston Texas Finders Agreement, the Finder's primary role is to facilitate introductions or connections between the Principal and prospective clients, customers, opportunities, or business projects, as specified in the agreement. The Finder acts as an intermediary and uses their expertise, industry network, or market knowledge to identify and present potential business opportunities to the Principal. This agreement may include various key components such as: 1. Services Provided: The agreement explicitly states the nature of services that the Finder will offer, which may involve identifying, locating, and introducing potential business opportunities to the Principal. These services can be customized based on the specific needs of the Principal. 2. Compensation Structure: The agreement outlines how the Finder will be compensated for their services. It may include a percentage commission based on the value of the successful transaction or a fixed fee as mutually agreed upon by both parties. The compensation terms may differ depending on the type of finder services provided. 3. Exclusivity and Non-Competition: Certain Finders Agreements may include exclusivity clauses, preventing the Finder from representing or engaging with competitors or other parties offering similar services during the agreement's duration. This clause ensures the Principal's interests are protected. 4. Confidentiality and Non-Disclosure: To safeguard the Principal's proprietary and confidential information, this clause establishes the Finder's obligation to maintain strict confidentiality and prevent the disclosure of any sensitive information obtained during the course of their services. 5. Termination Conditions: This section defines the conditions under which either party can terminate the agreement. It may include reasons for termination such as breach of contract, non-performance, or mutual agreement. Different types of Houston Texas Finders Agreements: 1. Business Finder Agreement: This type of agreement is commonly used when a Finder assists in identifying potential business acquisition opportunities, strategic partnerships, or investment prospects. 2. Real Estate Finder Agreement: This agreement is specifically tailored for the real estate industry, where Finders help locate suitable properties, potential buyers, or lessees for the Principal's real estate ventures. 3. Employment Finder Agreement: This type of agreement focuses on assisting employers or recruiters in identifying and introducing potential employees or candidates for job vacancies. 4. Referral Finder Agreement: This agreement revolves around referrals, where Finders connect individuals or businesses with specific goods or services, earning a commission upon successful referrals. Houston Texas Finders Agreements provide a framework for establishing a mutually beneficial relationship between the Principal and the Finder, ensuring clarity, legality, and protection of both parties' rights throughout the finder's arrangement.
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.