A Finder's Fee Agreement is a typed or handwritten document that outlines the relationship between a business and an outside source along with the compensation for the facilitation of a transaction. A finder's fee is paid to the individual or company that spotted the possibility of a deal and introduced their client to the new business partner or customer. It serves as a financial incentive that motivates the finder to keep searching for new referrals for their clients.
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Draft a Finder's Fee Contract in the following circumstances:
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It is highly recommended to complete an agreement when looking for referrals - even if the company and finder have worked together for a long time and are willing to provide and accept a favor as a gift, you should still reflect your business relationship in written form. Follow these steps to compose a business Referral Fee Agreement:
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