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Finders Fee Agreement for New Zealand

Finders Fee Agreement Template for New Zealand

A comprehensive agreement governed by New Zealand law that establishes the terms and conditions under which a finder will identify and introduce potential business opportunities to a principal company in exchange for a fee. The document outlines the scope of services, success criteria, compensation structure, and compliance requirements while incorporating relevant provisions from New Zealand's Contract and Commercial Law Act 2017, Fair Trading Act 1986, and other applicable regulations. It includes specific protections for both parties and clearly defines what constitutes a successful introduction that triggers payment obligations.

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Finders Fee Agreement

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What is a Finders Fee Agreement?

The Finder's Fee Agreement is a crucial document for businesses operating in New Zealand that wish to formalize arrangements with individuals or entities who can facilitate valuable business introductions or opportunities. This agreement type is commonly used when companies seek to expand their business network, identify potential clients, partners, or investment opportunities through third-party intermediaries. The document needs to comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and relevant financial services regulations. It typically includes detailed provisions about the scope of the finder's services, success criteria, fee structures, payment terms, and compliance requirements. The agreement is particularly important in regulated industries where clear documentation of business relationships and compensation arrangements is mandatory.

What sections should be included in a Finders Fee Agreement?

1. Parties: Identifies and provides full legal details of the principal and the finder

2. Background: Explains the context of the agreement, including the principal's business and need for the finder's services

3. Definitions: Defines key terms used throughout the agreement, including 'Successful Introduction', 'Qualified Opportunity', and 'Finder's Fee'

4. Appointment and Scope: Establishes the finder's appointment and details the authorized services

5. Finder's Services and Obligations: Specifies what the finder must do, including introduction methods and information requirements

6. Success Criteria: Clearly defines what constitutes a successful introduction that triggers fee payment

7. Fee Structure and Payment Terms: Details the finder's fee calculation method and payment conditions

8. Term and Termination: Specifies the agreement duration and circumstances for termination

9. Confidentiality: Protects confidential information shared during the engagement

10. General Provisions: Standard legal clauses including governing law, notices, and assignment

What sections are optional to include in a Finders Fee Agreement?

1. Exclusivity: Used when the finder is granted exclusive rights for specific opportunities or territories

2. Regulatory Compliance: Required when the services fall under specific regulatory frameworks like financial services or real estate

3. Post-Termination Rights: Addresses finder's rights to fees for introductions made during the term that conclude after termination

4. Non-Circumvention: Prevents the principal from bypassing the finder to avoid paying fees

5. Dispute Resolution: Detailed dispute resolution procedures beyond standard court jurisdiction

6. Insurance Requirements: Specifies required insurance coverage for higher-risk or regulated activities

7. Anti-Money Laundering Compliance: Required for services involving financial transactions subject to AML regulations

What schedules should be included in a Finders Fee Agreement?

1. Schedule 1: Fee Structure: Detailed breakdown of fee calculations, including any sliding scales or success-based components

2. Schedule 2: Target Criteria: Specific criteria for qualified opportunities or introductions

3. Schedule 3: Excluded Opportunities: List of pre-existing relationships or specifically excluded targets

4. Schedule 4: Reporting Requirements: Templates and requirements for introduction reports and tracking

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

Authors

Alex Denne

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

Jurisdiction

New Zealand

Cost

Free to use
Relevant legal definitions
























Clauses






























Relevant Industries

Financial Services

Real Estate

Professional Services

Technology

Manufacturing

Private Equity

Venture Capital

Mergers & Acquisitions

Business Consulting

Import/Export

Commercial Property

Recruitment

Investment Banking

Relevant Teams

Legal

Business Development

Corporate Development

Finance

Commercial

Procurement

Mergers & Acquisitions

Strategy

Operations

Risk & Compliance

Relevant Roles

Business Development Manager

Chief Executive Officer

Commercial Director

Legal Counsel

Corporate Development Manager

Chief Financial Officer

Investment Manager

Mergers & Acquisitions Director

Business Broker

Partnership Manager

Commercial Manager

Procurement Manager

Business Intermediary

Corporate Finance Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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