New York Finders Fee Agreement

• Category: Contracts - Finders
• State: Multi-State
• Control #: US-01771
• Format: Word; Rich Text

Description

This form is a Finder's Fee Agreement. The offerer and the finder agree to certain terms in furtherance of the mutual purpose of solciting customers and marketing the enterprise operated by the offeror. The document provides that the finder is authorized to represent the offerer in locating, soliciting, and selling to potential customers of the offeror. A Finders Fee Agreement in New York is a legally binding contract that outlines the terms and conditions under which a finder or intermediary will be paid a fee for connecting parties involved in a business transaction. This agreement is crucial in the world of business and helps facilitate the identification of potential business opportunities. There are several types of Finders Fee Agreements in New York: 1. Business Finders Fee Agreement: This type of agreement is commonly used when a finder introduces a potential business opportunity, such as a potential buyer for a company or a strategic partnership to a business owner. The finder receives a fee in return for their efforts. 2. Real Estate Finders Fee Agreement: In the real estate industry, a finder may connect interested buyers or tenants with property owners or brokers. This agreement specifies the fee the finder will receive if their introduction leads to a successful transaction. 3. Investment Finders Fee Agreement: This type of agreement is prevalent in the finance sector, where finders may bring potential investors or funding sources to startups or companies seeking capital. The finder is rewarded with a fee if their introduction results in a successful investment deal. 4. Employment Finders Fee Agreement: In the recruitment industry, finders who refer suitable candidates to employers may enter into this agreement. The finder is compensated with a fee if their referral leads to a successful hiring. The New York Finders Fee Agreement should contain the following key elements: 1. Identification of the parties involved: The agreement should clearly state the names and contact details of both the finder and the party seeking services (e.g., business owner, property owner, employer). 2. Scope of the agreement: This section clearly defines the purpose of the agreement, specifying the type of transaction or opportunity the finder is expected to identify. 3. Finder's obligations: The agreement should outline the finder's responsibilities, such as conducting research, identifying potential prospects, and making introductions. It may also include a non-disclosure clause to protect confidential information shared by either party. 4. Compensation and payment terms: This section details the finder's fee structure, including the commission rate or fixed amount payable upon the successful completion of the transaction. It should also specify the timeline and method of payment. 5. Termination clause: The agreement should include provisions for terminating the relationship between the parties, including notice periods or conditions that could trigger termination. 6. Governing law: To ensure legal compliance, it is essential to specify that the agreement shall be governed by and construed in accordance with the laws of New York. By leveraging a comprehensive and well-drafted Finders Fee Agreement in New York, businesses can effectively engage intermediaries, promote mutually beneficial relationships, and ensure a fair compensation mechanism for finders.

A Finders Fee Agreement in New York is a legally binding contract that outlines the terms and conditions under which a finder or intermediary will be paid a fee for connecting parties involved in a business transaction. This agreement is crucial in the world of business and helps facilitate the identification of potential business opportunities. There are several types of Finders Fee Agreements in New York: 1. Business Finders Fee Agreement: This type of agreement is commonly used when a finder introduces a potential business opportunity, such as a potential buyer for a company or a strategic partnership to a business owner. The finder receives a fee in return for their efforts. 2. Real Estate Finders Fee Agreement: In the real estate industry, a finder may connect interested buyers or tenants with property owners or brokers. This agreement specifies the fee the finder will receive if their introduction leads to a successful transaction. 3. Investment Finders Fee Agreement: This type of agreement is prevalent in the finance sector, where finders may bring potential investors or funding sources to startups or companies seeking capital. The finder is rewarded with a fee if their introduction results in a successful investment deal. 4. Employment Finders Fee Agreement: In the recruitment industry, finders who refer suitable candidates to employers may enter into this agreement. The finder is compensated with a fee if their referral leads to a successful hiring. The New York Finders Fee Agreement should contain the following key elements: 1. Identification of the parties involved: The agreement should clearly state the names and contact details of both the finder and the party seeking services (e.g., business owner, property owner, employer). 2. Scope of the agreement: This section clearly defines the purpose of the agreement, specifying the type of transaction or opportunity the finder is expected to identify. 3. Finder's obligations: The agreement should outline the finder's responsibilities, such as conducting research, identifying potential prospects, and making introductions. It may also include a non-disclosure clause to protect confidential information shared by either party. 4. Compensation and payment terms: This section details the finder's fee structure, including the commission rate or fixed amount payable upon the successful completion of the transaction. It should also specify the timeline and method of payment. 5. Termination clause: The agreement should include provisions for terminating the relationship between the parties, including notice periods or conditions that could trigger termination. 6. Governing law: To ensure legal compliance, it is essential to specify that the agreement shall be governed by and construed in accordance with the laws of New York. By leveraging a comprehensive and well-drafted Finders Fee Agreement in New York, businesses can effectively engage intermediaries, promote mutually beneficial relationships, and ensure a fair compensation mechanism for finders.