Agreement for appointing finder to identify buyers for business sale
The agreement delineates the responsibilities of both parties, ensuring that the finder takes appropriate actions to identify and introduce prospective buyers while maintaining confidentiality. It often includes details such as the agreement duration, the fee amount or percentage, and conditions under which the fee becomes payable.
Importantly, the document also addresses contingencies and limitations, such as the finder’s authority to negotiate and the jurisdiction governing the agreement. These clauses protect the interests of both the business owner and the finder, providing a clear legal framework for the engagement.
A Finder's Fee Agreement: Sale of Business is ideal for individuals or entities that act as intermediaries in business transactions, typically referred to as "finders." These parties help facilitate the sale of a business by connecting sellers with potential buyers and seek to formalize their compensation through this agreement.
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