Where a company or sole trader (“purchaser”) wishes to buy a business, this
Finder’s Fee Agreement (Purchase of Business) enables a purchaser to
appoint a “finder” to locate and introduce one or more potential sellers of
A “finder” acts as an intermediary business broker engaged by the
purchaser. If an introduction to a potential seller is then made and the
purchaser proceeds to buy the business, the finder becomes entitled to a
commission payable by the purchaser (the “finder’s fee”) in return for that
This template document sets out in detail the terms of the appointment of
the finder. These terms are fairly even-handed in the way they protect and
clarify the position of both the purchaser and the finder. This form of
agreement is therefore suitable for engaging a finder in either of the
- a purchaser is looking to buy a business and is appointing a finder of a
seller for that purpose; or
- a business often acts as a finder (for purchasers) of sellers of
businesses. It can use this form as its own standard terms of business
whenever it is appointed as a finder.
However, certain provisions in the template are slightly slanted towards
the finder so that it is particularly suited to being used by a finder as
its standard appointment document.
This form of agreement can be used for appointment of a finder on an
exclusive basis, i.e. where the purchaser is willing to appoint only one
finder to act for it. It can instead be used for a non-exclusive
appointment, i.e. where the purchaser is to have the freedom to appoint one
or more other intermediaries in addition to the finder. By selecting one of
the alternative sets of wording in the form, you can easily make the
appointment either exclusive or non-exclusive.
This template also contains some optional provisions for inclusion where a
purchaser engages the finder not only to find a seller in return for the
finder’s fee commission, but also where the purchaser wishes to put the
finder on a monthly retainer fee in addition to the finder’s commission:
the retainer is payable in return for the finder providing additional
services (e.g. help with negotiation) to ease the path to a successful
purchase of a business.
There are provisions in the template covering alternative means of setting
the amount of commission payable, advertising by the finder, expenses,
confidentiality, anti-bribery, data processing, details of the type of
assets comprising the business to be purchased and other useful clauses.
If the finder is instead to act for the seller of a business, to identify
potential purchasers of that business, please see the accompanying Finder’s
Fee Agreement (Sale of Business) in this subfolder.
Optional phrases / clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the document.
This Finder’s Fee Agreement (Purchase of Business) is in open format.
Either enter the requisite details in the highlighted fields or adjust the
wording to suit your purposes.
Once you have purchased access to the appropriate document folder click on
the “Download Document” link below. You will be asked what you want to do
with the file. It is recommended that you save the document to a location
of your choice prior to viewing.