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Finders Fee Contract

oboloo Glossary

Finders Fee Contract

A Finder’s Fee Contract is a legally binding agreement between two or more parties to grant a fee in exchange for successful introduction of potential business opportunities. This type of contract is commonly used by companies seeking new customers, suppliers, partners, or investors. The company making the introduction (the ‘finder’) will be rewarded with a percentage or flat fee for any successful matches that lead to deals being made. If a finder’s fee is not paid under the terms of the contract, then the introducer can take legal action against the recipient for breach of contract. As such, it is important to have a clear and comprehensive understanding of the conditions agreed upon before entering into a Finder’s Fee Contract.

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