Delaware Finders Agreement

• Category: Contracts - Sale of Goods
• State: Multi-State
• Control #: US-01698-AZ
• Format: Word; Rich Text

Description

This form is a finder's agreement. Finder is to be compensated by purchaser at an agreed amount upon locating item desired by purchaser, provided purchaser. Adapt to fit your circumstances. Delaware Finders Agreement refers to a legally binding contract between a company, commonly known as the "principal," and an individual or entity, also known as the "finder," who assists in sourcing potential business opportunities, investors, or clients. This agreement establishes the terms and conditions under which the finder will provide their services and outlines the compensation structure for their efforts. In Delaware, there are primarily two types of Finders Agreements: 1. Referral Finders Agreement: This type of agreement entails the finder referring potential clients, investors, or business opportunities to the principal. The finder acts as an intermediary by connecting the principal with these prospects, but typically does not engage in negotiations or finalize transactions. The agreement specifies the commission or fee the finder will receive upon successful referral. 2. Broker-Dealer Finders Agreement: This agreement is relevant when the finder operates as a registered broker-dealer or represents a brokerage firm. In such cases, the finder may be involved in more extensive activities, including negotiating deals, facilitating transactions, and providing investment advice. The agreement outlines the scope of the finder's responsibilities and the compensation structure, which often includes a combination of fees and commissions. Key elements typically included in a Delaware Finders Agreement may encompass: 1. Identification of the principal and finder: Clearly stating the legal entities or individuals participating in the agreement. 2. Scope of services: Defining the specific tasks and services the finder will undertake on behalf of the principal, such as locating potential clients, investors, or business opportunities. 3. Duration and exclusivity: Determining the length of the agreement and whether the finder has an exclusive or non-exclusive arrangement with the principal. 4. Compensation: Detailing how the finder will be remunerated, including the commission percentage, flat fee per successful referral, or any other agreed-upon compensation structure. 5. Confidentiality and non-disclosure: Enforcing strict confidentiality measures to protect sensitive information shared between the principal and the finder. 6. Termination clause: Outlining the conditions under which either party can terminate the agreement, including notice period and any penalties or liabilities. 7. Governing law: Specifying that the agreement is subject to Delaware state laws, as well as any necessary dispute resolution mechanisms. Delaware Finders Agreements play a vital role in facilitating business development and investment opportunities, while ensuring transparency and clarity in the working relationship between principals and finders. Before entering into such agreements, it is crucial for all parties involved to seek legal counsel to ensure compliance with Delaware state regulations and protect their respective rights and interests.

Delaware Finders Agreement refers to a legally binding contract between a company, commonly known as the "principal," and an individual or entity, also known as the "finder," who assists in sourcing potential business opportunities, investors, or clients. This agreement establishes the terms and conditions under which the finder will provide their services and outlines the compensation structure for their efforts. In Delaware, there are primarily two types of Finders Agreements: 1. Referral Finders Agreement: This type of agreement entails the finder referring potential clients, investors, or business opportunities to the principal. The finder acts as an intermediary by connecting the principal with these prospects, but typically does not engage in negotiations or finalize transactions. The agreement specifies the commission or fee the finder will receive upon successful referral. 2. Broker-Dealer Finders Agreement: This agreement is relevant when the finder operates as a registered broker-dealer or represents a brokerage firm. In such cases, the finder may be involved in more extensive activities, including negotiating deals, facilitating transactions, and providing investment advice. The agreement outlines the scope of the finder's responsibilities and the compensation structure, which often includes a combination of fees and commissions. Key elements typically included in a Delaware Finders Agreement may encompass: 1. Identification of the principal and finder: Clearly stating the legal entities or individuals participating in the agreement. 2. Scope of services: Defining the specific tasks and services the finder will undertake on behalf of the principal, such as locating potential clients, investors, or business opportunities. 3. Duration and exclusivity: Determining the length of the agreement and whether the finder has an exclusive or non-exclusive arrangement with the principal. 4. Compensation: Detailing how the finder will be remunerated, including the commission percentage, flat fee per successful referral, or any other agreed-upon compensation structure. 5. Confidentiality and non-disclosure: Enforcing strict confidentiality measures to protect sensitive information shared between the principal and the finder. 6. Termination clause: Outlining the conditions under which either party can terminate the agreement, including notice period and any penalties or liabilities. 7. Governing law: Specifying that the agreement is subject to Delaware state laws, as well as any necessary dispute resolution mechanisms. Delaware Finders Agreements play a vital role in facilitating business development and investment opportunities, while ensuring transparency and clarity in the working relationship between principals and finders. Before entering into such agreements, it is crucial for all parties involved to seek legal counsel to ensure compliance with Delaware state regulations and protect their respective rights and interests.