Finders Agreement

Finders Agreement Template for Belgium

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Key Requirements PROMPT example:

"I need a Finder's Agreement for our Belgian technology company to engage an investment banker to identify potential buyers or investors, with an exclusive arrangement for 12 months starting March 2025 and a success fee structure of 2% for transactions over €10 million."

Document background

The Finder's Agreement is essential for businesses operating in Belgium that wish to formally engage intermediaries to facilitate business opportunities, acquisitions, or strategic partnerships. This document type is commonly used when a company seeks to expand its network, identify potential business partners, or source acquisition targets through third-party introducers. The agreement, governed by Belgian law, establishes clear parameters for the finder's role, defines what constitutes a successful introduction, and outlines the compensation structure. It incorporates necessary compliance elements under Belgian commercial law, including provisions related to commercial agency regulations where applicable, data protection requirements under GDPR, and relevant tax considerations for commission payments. The document is particularly important for protecting both parties' interests and ensuring clarity in the business relationship, especially regarding the conditions under which finder's fees become payable.

Suggested Sections

1. Parties: Identification and details of the principal company and the finder, including registration numbers and addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement, including 'Successful Introduction', 'Target Companies', and 'Finder's Fee'

4. Appointment and Scope: Defines the finder's role, territory, and whether the appointment is exclusive or non-exclusive

5. Finder's Services: Detailed description of the services to be provided by the finder

6. Fee Structure: Details of the finder's fee calculation, payment terms, and conditions for fee eligibility

7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

8. Confidentiality: Obligations regarding confidential information and trade secrets

9. Data Protection: GDPR compliance and data handling requirements

10. Non-Solicitation: Restrictions on soliciting employees or clients

11. Representations and Warranties: Standard warranties about capacity to contract and compliance with laws

12. Liability and Indemnification: Limitations of liability and indemnification obligations

13. Governing Law and Jurisdiction: Confirmation of Belgian law application and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. Exclusivity: Detailed terms of exclusivity when the finder has exclusive rights in certain territories or with specific targets

2. Success Fee Variations: Alternative fee structures for different types of successful introductions or transactions

3. Regulatory Compliance: Specific compliance requirements if the finder's activities touch regulated sectors

4. Post-Termination Obligations: Obligations that survive after the agreement ends, including trailing fees

5. Anti-Corruption: Specific anti-corruption provisions when dealing with international introductions

6. Force Majeure: Provisions for unforeseen circumstances preventing performance

7. Insurance: Requirements for professional liability insurance if needed for the specific sector

Suggested Schedules

1. Schedule 1 - Target Companies: List of potential target companies or sectors of interest

2. Schedule 2 - Fee Schedule: Detailed breakdown of fee calculations and payment structures

3. Schedule 3 - Reporting Requirements: Format and frequency of activity reports required from the finder

4. Schedule 4 - Excluded Companies: List of companies excluded from the scope of the agreement

5. Schedule 5 - Compliance Procedures: Detailed procedures for ensuring compliance with relevant regulations

6. Appendix A - Introduction Protocol: Step-by-step process for making and documenting introductions

7. Appendix B - Contact Details: Key contact information for both parties and their representatives

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Private Equity

Mergers & Acquisitions

Real Estate

Technology

Manufacturing

Professional Services

Healthcare

Energy

Construction

Retail

Telecommunications

Relevant Teams

Legal

Business Development

Corporate Development

Finance

Mergers & Acquisitions

Strategy

Commercial

Procurement

Executive Leadership

Partnerships

Relevant Roles

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Corporate Development Director

Legal Counsel

Investment Manager

Mergers & Acquisitions Director

Business Broker

Strategy Director

Commercial Director

Head of Partnerships

General Counsel

Procurement Manager

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