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Category: Business Law
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Experience:  20 years experience in business law - sole proprietor, partnership, and corporations
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FINDER'S FEE AGREEMENT In consideration of a Finder's Fee (as defined below), payable only upon the successful consummation of the services (hereinafter "Discovery"), xxxx xxxx ("Finder") of xx xx, xx, xxxxx, xxx xxxxx xxxxx agrees to assist xxxx xxxxxl ("Client") of xx xxxx xxxx Dr, xxxx, xx xxxx xxxxx in the Discovery. For purposes of this agreement ("Agreement"), the Finder will: - I will provide people who want to sell there business and space or lease to xxxx for a barber shop Great Clips. - _________________ Finder's Discovery shall occur only if the conditions for payment of fee are fulfilled during the Retention Period (as defined below). 1. Discovery Finder's "Discovery" of a client shall occur only if the client is identified and introduced by Finder and acknowledged by Client in writing during the Retention Period (as defined below). Finder shall not be deemed to have discovered any client who contacted or was contacted by Client on or before the date of Client's execution of this Agreement (the "Effective Date"), or any client who hereafter contacts or is contacted by Client after the Effective Date before being identified and introduced in writing by Finder to Client (if at all) (collectively, "Independent Contacts"). Client shall attempt to provide Finder with an updated list of Independent Contacts from time to time, but any delay or failure by Client to do so shall not constitute a waiver of or otherwise prejudice any of Client's rights or impose any obligations on Client hereunder. 2. Term of Agreement. The exclusive right granted by this Agreement shall commence on July 16, 2012. Finder's engagement under this Agreement is non-exclusive, and Client shall have the continuing right to deal with, and consummate Business Transactions with, other clients not discovered by Finder, either directly or through other brokers, agents, finders or other representatives, without any obligation to pay Finder a Finder's Fee or any other sum. 3. Business Transaction For purposes of this Agreement, the "Business Transaction" shall be defined as assisting Client in finding clients on the terms and conditions acceptable to Client. The Client reserves all rights, in its sole and absolute discretion, and without any obligation to pay a Finder's Fee or any other sum to Finder, to withdraw from negotiations concerning any proposed Business Transaction, and/or accept or reject any finding by the Finder, or all or part of any proposed Business Transaction, at any time, with or without cause. As used herein, "consummation" of the Business Transaction shall not be deemed to have occurred unless and until, among other things: 4. Non-Circumvention. - Finder xxxx will sellers of their business and lease space, at 5 % Fee - I will be at the signing and receice my 5% fees. © This is a xxxxx Legal Document © During the term of this Agreement and for for 3 years thereafter, Client will not attempt to do business with, or otherwise solicit any clients found or otherwise referred by Finder to Client for the purpose of circumventing, the result of which shall be to prevent the Finder from realizing or recognizing a commission or Finder's Fee. If such circumvention shall occur the Finder shall be entitled to any commissions due pursuant to this Agreement or Finder's Fee relating to such transaction. 5. Eligibility. Finder shall be entitled to the Finder's Fee in the event that during the Retention Period (as defined below) (i) the Business Transaction is consummated or materialized, and (ii) Finder discovered the client to assist Client during the Retention Period. 6. Date of Payment. The Finder's Fee shall become due and payable by the Client immediately upon consummation of the Business Transaction. Client shall have no obligation to pay Finder any Finder's Fee or other amount if the Business Transaction in question fails to close for any reason, including without limitation, as a result of an actual or purported breach or default by Client. 7. Calculation of Finder's Fee. For purposes of this Agreement, the Finder's Fee shall be paid in the amount of 5 % per client or customer investor employee client. 8. Retention Period. The "Retention Period" shall commence on the July 16, 2012 and shall continue for 1 year at which point either party may indicate to the other, in writing, its prospective intention to terminate this Agreement. Finder shall be entitled to its Finder's Fee during the Retention Period, or, in the event a Business Transaction is consummated after termination of the Retention Period, and under the terms of this Agreement, within 30 days of the consummation of the Business Transaction. 9. Independent Contractor. It is understood that this Agreement provides for the rendering of services by Finder as a finder only, as described herein, and does not include the rendering of any other services, including due diligence services. Finder acknowledges that it is an independent con
Submitted: 2 years ago.
Category: Business Law
Expert:  MDLaw replied 2 years ago.
Do you have a legal question?
Customer: replied 2 years ago.
can I use it and be safe with it
Customer: replied 2 years ago.


FINDER'S FEE AGREEMENT



In consideration of a Finder's Fee (as defined below),
payable only upon the successful



consummation of the services (hereinafter
"Discovery"), xxxx xxxx ("Finder") of xxJacob, Ct,



Trenton, New Jersey 08628 agrees to assist xxxx xxxxx
("Client") of xx Lake Baldwin Dr,



Pennington, New Jersey 08534 in the Discovery. For purposes
of this agreement ("Agreement"),



the Finder will:



- I will provide people who want to sell there business and
space or lease to xxxxx for a barber



shop xxxxx xxxx



- _________________



Finder's Discovery shall occur only if the conditions for
payment of fee are fulfilled during the



Retention Period (as defined below).



1. Discovery



Finder's "Discovery" of a client shall occur only
if the client is identified and introduced by Finder



and acknowledged by Client in writing during the Retention
Period (as defined below). Finder shall



not be deemed to have discovered any client who contacted or
was contacted by Client on or



before the date of Client's execution of this Agreement (the
"Effective Date"), or any client who



hereafter contacts or is contacted by Client after the
Effective Date before being identified and



introduced in writing by Finder to Client (if at all)
(collectively, "Independent Contacts"). Client



shall attempt to provide Finder with an updated list of
Independent Contacts from time to time, but



any delay or failure by Client to do so shall not constitute
a waiver of or otherwise prejudice any of



Client's rights or impose any obligations on Client
hereunder.



2. Term of Agreement.



The exclusive right granted by this Agreement shall commence
on July 16, 2012. Finder's



engagement under this Agreement is non-exclusive, and Client
shall have the continuing right to



deal with, and consummate Business Transactions with, other
clients not discovered by Finder,



either directly or through other brokers, agents, finders or
other representatives, without any



obligation to pay Finder a Finder's Fee or any other sum.



3. Business Transaction



For purposes of this Agreement, the "Business
Transaction" shall be defined as assisting Client in



finding clients on the terms and conditions acceptable to
Client. The Client reserves all rights, in its



sole and absolute discretion, and without any obligation to
pay a Finder's Fee or any other sum to



Finder, to withdraw from negotiations concerning any
proposed Business Transaction, and/or



accept or reject any finding by the Finder, or all or part
of any proposed Business Transaction, at



any time, with or without cause. As used herein,
"consummation" of the Business Transaction shall



not be deemed to have occurred unless and until, among other
things:



4. Non-Circumvention.



- Finder xxxxx will sellers of their business and lease
space, at 5 % Fee



- I will be at the signing and receice my 5% fees.



© This is a RocketLawyer.com Legal Document ©



During the term of this Agreement and for for 3 years
thereafter, Client will not attempt to do



business with, or otherwise solicit any clients found or
otherwise referred by Finder to Client for



the purpose of circumventing, the result of which shall be
to prevent the Finder from realizing or



recognizing a commission or Finder's Fee. If such
circumvention shall occur the Finder shall be



entitled to any commissions due pursuant to this Agreement
or Finder's Fee relating to such



transaction.



5. Eligibility.



Finder shall be entitled to the Finder's Fee in the event
that during the Retention Period (as defined



below) (i) the Business Transaction is consummated or
materialized, and (ii) Finder discovered the



client to assist Client during the Retention Period.



6. Date of Payment.



The Finder's Fee shall become due and payable by the Client
immediately upon consummation of



the Business Transaction. Client shall have no obligation to
pay Finder any Finder's Fee or other



amount if the Business Transaction in question fails to
close for any reason, including without



limitation, as a result of an actual or purported breach or
default by Client.



7. Calculation of Finder's Fee.



For purposes of this Agreement, the Finder's Fee shall be
paid in the amount of 5 % per client or



customer investor employee client.



8. Retention Period.



The "Retention Period" shall commence on the July
16, 2012 and shall continue for 1 year at



which point either party may indicate to the other, in
writing, its prospective intention to terminate



this Agreement. Finder shall be entitled to its Finder's Fee
during the Retention Period, or, in the



event a Business Transaction is consummated after
termination of the Retention Period, and under



the terms of this Agreement, within 30 days of the
consummation of the Business Transaction.



9. Independent Contractor.



It is understood that this Agreement provides for the
rendering of services by Finder as a finder



only, as described herein, and does not include the
rendering of any other services, including due



diligence services. Finder acknowledges that it is an
independent contractor and shall not be



deemed to be Client's agent for any purposes whatsoever.
Finder shall have no right or authority



to assume or create any obligation or liability, expressed
or implied, for or on behalf of Client's, or



to otherwise bind Client in any manner whatsoever.



10. Hold Harmless.



If Finder shall become entitled to a Finder's Fee under this
Agreement, Finder hereby agrees to



indemnify, protect, defend and hold harmless Client and its
affiliates from and against any and all



claims, actions, losses, liabilities, damages, liens, costs
or expenses (including, without limitation,



reasonable attorneys' fees and costs), however described,
arising from any claim by any other



person or entity for brokerage or finder's fees,
commissions, or similar compensation in connection



with any Business Transaction involving a Prospective
Investor discovered by Finder.



© This is a RocketLawyer.com Legal Document ©



11. Sharing of Fees.



The Finder is specifically authorized to engage the services
of any sub-agents and to share fees



and commissions with other agents, provided that full
disclosure of any fee or commission sharing



is made to all parties.



12. Governing Law.



This Agreement shall be made in and shall be governed by and
interpreted in accordance with the



laws of the State of New Jersey.



13. Confidentiality.



Finder agrees to:



14. Attorneys' Fees.



If legal action is brought to enforce or interpret this
Agreement or any of its provisions, the



prevailing party shall be entitled to reasonable attorneys'
fees in addition to any other recovery to



which such party may be entitled.



15. Termination.



This Agreement may be so terminated by either party at any
time, with or without cause. This



Agreement may be terminated by either party by the giving of
written notice of termination to the



other. In the event that the Client sends a notice of
termination after the Finder has incurred



specific, direct expenses in connection with this Agreement,
the Client shall reimburse the Finder



for the amount of the expenses at the time of the
termination.



16. Entire Agreement.



This Agreement contains all of the agreements of the Parties
with respect to any matter covered or



mentioned in this Agreement and no prior agreements shall be
effective for any purpose.



17. No Waiver.



Failure or delay of Client to declare any breach or default
immediately upon occurrence shall not



waive such breach or default by the Finder.



18. Notices.



Any notices required to be given by the Parties shall be
delivered at the addresses set forth in the



beginning of the Agreement. Any notices may be delivered
personally to the addressee of the



notice or may be deposited in the United States mail,
postage prepaid, to the address of the



parties.



(i) hold all confidential, non-public information received
from Client or its affiliates, or their



respective representatives, strictly confidential,



(ii) use or release such information only in the performance
of this Agreement, and not use or



release or permit the use or release of any of such
information for any other purposes, and



(iii) return to Client all such information in whatever
format (and all copies thereof) at the



conclusion of this engagement.



© This is a RocketLawyer.com Legal Document ©



IN WITNESS WHEREOF, this Finder's Fee Agreement by and
between xxxx xxxxx



and xxxxx xxxxx has been executed and delivered in the
manner prescribed by law as of the



date first written above.



CLIENT:



xxxx xxxx



____________________________________________________



By Pankaj Agrawal, Owner



FINDER:



xxxx xxxx



____________________________________________________

Expert:  MDLaw replied 2 years ago.
It is against the rules of this website to give legal advice and so you would have to consult with a lawyer in your area if you are looking for legal work to be done for you. We can only provide general legal information.

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