A finder’s fee agreement is an arrangement between two parties wherein one party (the “finder”) introduces another party (the “client”) to a potential business partner in exchange for a commission or fee. The client then pays the finder a percentage of all profits generated from the new partnership. It’s important to note that the finder typically does not have any contractual obligations to the client beyond introducing them to the potential business partner.
Finders fee agreements are becoming increasingly popular among businesses looking to expand their reach and maximize their chances for success. Not only do these agreements provide incentives for both the finder and the client, but they also eliminate the need for costly advertising or recruitment expenses. With a finders fee agreement, everyone can benefit!