Suffolk New York Venture Capital Finder's Fee Agreement is a legally binding document that outlines the terms and conditions between a venture capitalist and a finder, typically an individual or firm, who assists in sourcing and securing investment opportunities in the Suffolk County area of New York. This agreement establishes the compensation structure and various provisions associated with the finder's services, which help connect entrepreneurs or businesses seeking capital with potential investors. The key elements outlined in a Suffolk New York Venture Capital Finder's Fee Agreement include: 1. Parties: Clearly identifying the venture capitalist and finder involved in the agreement. 2. Purpose: Describing the objective of the agreement, which is to facilitate the introduction of investment opportunities to the venture capitalist by the finder. 3. Compensation: Detailing the finder's fee structure, which typically consists of a percentage of the total capital investment. This fee is awarded upon successful execution of a transaction and is usually based on a percentage pre-established in the agreement. 4. Confidentiality: Establishing guidelines to maintain the confidentiality of any information shared during the course of the business relationship. 5. Exclusivity: Specifying whether the finder has an exclusive arrangement with the venture capitalist or can work with other parties concurrently. 6. Term and Termination: Defining the duration of the agreement and the conditions under which either party can terminate the arrangement. 7. Representations and Warranties: Outlining any assurances made by the finder regarding their ability to fulfill their obligations and that they have not violated any laws or regulations in doing so. Different types of Suffolk New York Venture Capital Finder's Fee Agreements may include: 1. Sole Finder's Fee Agreement: This type of agreement signifies that the finder has an exclusive arrangement with a specific venture capitalist or firm. They are solely responsible for identifying and presenting investment opportunities, and in return receive the agreed-upon finder's fee for successful transactions. 2. Non-Exclusive Finder's Fee Agreement: In this case, the finder has the freedom to collaborate with multiple venture capitalists simultaneously. They are not bound by exclusivity and can present investment opportunities to other potential investors. The finder is still entitled to a finder's fee, but the agreement may include specific provisions on revenue sharing if the investor is not exclusive to the finder. The Suffolk New York Venture Capital Finder's Fee Agreement is an essential document that ensures clarity and fairness in the relationship between venture capitalists and finders for identifying and facilitating investment opportunities. It provides a framework for compensation, confidentiality, and the expectations of both parties involved.
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.