The Finder's Fee Agreement is essential for businesses operating in Denmark that rely on external intermediaries to identify and introduce potential business opportunities, acquisition targets, clients, or strategic partners. This document formalizes the relationship between the principal and the finder, establishing clear parameters for when and how the finder will be compensated for successful introductions. It addresses key aspects required under Danish law, including contract formation requirements under the Danish Contracts Act, commercial agency provisions where applicable, and necessary data protection measures under GDPR. The agreement is particularly important in regulated industries where transparency in business relationships is crucial and helps prevent future disputes by clearly documenting the parties' rights and obligations.
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Key Requirements PROMPT example:
Finder's Fee Agreement
I need a simple Finder's Fee Agreement under Danish law for my real estate company, where we'll pay independent agents 2% commission for introducing potential buyers to our commercial properties, with payment due upon successful property sale completion.
1. Parties: Identification of the Principal and the Finder, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement, including 'Successful Introduction', 'Target', and 'Finder's Fee'
4. Scope of Services: Detailed description of the finder's duties and the specific introduction services to be provided
5. Fee Structure: Details of the finder's fee amount or calculation method, including any tiered structures if applicable
6. Payment Terms: Timing and conditions for payment, including invoice requirements and payment methods
7. Successful Introduction Criteria: Specific criteria that constitute a successful introduction triggering the fee payment
8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
9. Confidentiality: Obligations regarding confidential information shared during the engagement
10. Data Protection: GDPR compliance measures and data handling requirements
11. Non-Circumvention: Provisions preventing direct dealings that bypass the finder
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Exclusivity: Terms granting the finder exclusive rights for specific targets or sectors - used when exclusivity is negotiated
2. Multiple Introductions: Provisions handling scenarios where multiple finders introduce the same target - relevant in non-exclusive arrangements
3. International Transactions: Additional provisions for cross-border introductions - needed when dealing with international targets
4. Regulatory Compliance: Specific regulatory requirements - included when the services touch regulated industries
5. Sub-contractors: Terms governing the use of sub-contractors or agents - needed if the finder may delegate duties
6. Non-Solicitation: Restrictions on soliciting employees or clients - included in more comprehensive agreements
1. Fee Calculator: Detailed breakdown of fee calculations, including any sliding scales or special circumstances
2. Target Criteria: Specific criteria defining suitable targets and any exclusions
3. Approved Introduction Format: Template or requirements for how introductions should be documented
4. Compliance Requirements: Checklist of regulatory and compliance requirements applicable to the services
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Real Estate
Mergers & Acquisitions
Private Equity
Professional Services
Technology
Manufacturing
Recruitment
Investment Banking
Business Consulting
Commercial Real Estate
Relevant Teams
Legal
Business Development
Corporate Development
Finance
Procurement
Strategic Partnerships
Mergers & Acquisitions
Commercial
Risk & Compliance
Relevant Roles
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Commercial Director
Legal Counsel
Investment Manager
M&A Director
Business Broker
Corporate Development Manager
Strategy Director
Procurement Manager
Strategic Partnerships Manager
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