Agreement appointing finder to locate sellers of a business
The agreement specifies the percentage or flat fee that the finder will receive upon the successful sale of the business. It also details the conditions that must be met for the fee to be payable, such as the completion of the sale within a certain timeframe.
Additionally, the document may include confidentiality clauses and any exclusivity rights granted to the finder, along with the obligations of both parties involved. It ensures transparency between the business owner and the finder, providing a clear understanding of payment terms and expectations.
A Finder's Fee Agreement: Purchase of Business is designed for use by intermediaries who facilitate the introduction of a buyer to a business for sale. This document is vital for business brokers and consultants actively engaging in the buying and selling process to ensure they receive a commission for their services.
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