Finder’s Fee Agreement (Purchase of Business)

This Finder’s Fee Agreement (Purchase of Business) can be used where a company or sole trader (the purchaser) wants to buy a business and appoints an intermediary (a “finder”) to locate and introduce one or more potential sellers.

If the finder introduces a seller and the purchaser proceeds to buy the business, the finder becomes entitled to a commission (the finder’s fee) payable by the purchaser in return for that successful introduction.

What does Finder’s Fee Agreement (Purchase of Business) do?

It sets out the terms of the finder’s appointment and the circumstances in which the finder’s fee becomes payable.

The terms are broadly even-handed, but certain provisions slightly favour the finder, so the template is particularly suited to a finder using it as standard terms of engagement.

What does Finder’s Fee Agreement (Purchase of Business) cover?

• Appointment of the finder on an exclusive or non-exclusive basis.
• Finder’s fee commission, including alternative ways of calculating the commission.
• An optional monthly retainer fee, in addition to commission, where the finder provides additional services (for example, assistance with negotiations).
• Advertising by the finder, expenses and confidentiality.
• Anti-bribery and data processing provisions.
• Details of the type of assets comprising the business to be purchased, and other supporting terms.

When should you use Finder’s Fee Agreement (Purchase of Business)?

Use this agreement where a purchaser wants to appoint a finder to identify potential sellers of a business and you want to document the finder’s role and the basis on which commission (and, where relevant, a retainer) will be paid.

If the finder is acting for the seller (to identify potential purchasers), see Finder’s Fee Agreement (Sale of Business).

Finder’s Fee Agreement (Purchase of Business) is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.