FREE UK Finder Fee Agreement
This free Finder Fee Agreement for use in the United Kingdom is useful when someone is going to be assisting another individual or company in finding and / or obtaining an investment. It sets forth the terms and conditions as well as the compensation.
Disclaimer:This was not drafted by an attorney & should not be used as a legal document.
FINDER FEE AGREEMENT
This Finder Fee Agreement (the “Agreement”) is made on [Date] by and between:
[Name of the Company], a company incorporated under the laws of United Kingdom having its registered office at [Address] hereinafter referred as the Finder.
AND
[Name of the Company], a company incorporated under the laws of United Kingdom having its registered office at [Address] hereinafter referred as the Company.
WHEREAS:
1. The Company is looking for investment for the purpose of [Define the purpose of investment] (“Purpose”) and therefore desire the services of individuals/ corporations who/ which can assist the Company in obtaining the investment for the Purpose; and
2. The Finder has agreed to provide the assistance to Company in finding a suitable investor who will provide the investment for the Purpose (“Services”), subject to the following terms and conditions of this Agreement; and
1. Term and Conditions.
1.1 Finder is one of the UK’s leading business finance agencies. Finder will procure information about possible investor who may be interested providing investment for the Purpose. Once Finder procures information about such investor, it will forward the details to Company. The Finder will assist the Company in finalising the investment deal with such investor.
1.2 Once the efforts of Finder results in successful investment deal for the Company, Company will pay £ [Amount] (“Finder Fee”) as compensation to Finder for its efforts.
1.3 Company also agrees to pay £ [Amount] (“Retention Fee”) in advance upon commencement of Services towards expense and administration charges. Company agrees and understands that the Retention Fee is non-refundable.
2. Retention Period.
2.1 Company has retained the services of Finder for a period of [Term/Number of years] (“Retention Period”). In the event Services provided by Finder fails to attract investment for the Purpose within the Retention Period, Company shall be entitled to terminate this Agreement. 3. Accepted Investment
3.1 Company agrees to inform Finder of any investment offer that is accepted by the Company.
4. Release of Finder.
4.1 Company agrees that Finder shall be able to seek early release from this agreement during the [number of months] month on repayment of the said Retention Fee, less expenses, without notification of reason.
8. Governing Law.
8.1 This agreement shall be governed by laws applicable in United Kingdom.
8.2 All disputes, differences or claims arising out of or in connection with this Agreement including, without limitation, any question regarding its existence, validity, construction, performance, termination or alleged violation shall be submitted to the exclusive jurisdiction of [City] Courts.
On behalf of Company On behalf of Finder
Name: ___________________ Name: ___________________
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