Sample of Business Introducer Agreement
In business contexts, a Business Introducer Agreement is an agreement where one party introduces potential clients or business opportunities to another party in exchange for a fee or commission. Here are some Samples of Business Introducer Agreement, along with an explanation of its key components.
A Business Introducer Agreement, also known as a Finder’s Fee Agreement, outlines the terms between a business and an individual who introduces potential clients or business opportunities. It clarifies expectations and protects both parties involved.
Read also: Shareholders Agreement | Examples Sample Document Binding Contract
Sample Business Introducer Agreement
This Business Introducer Agreement (“Agreement”) is entered into on [Date] by and between:
[Your Company Name], a company organized and existing under the laws of [Your Country], with its registered office at [Your Address] (“Company”), and
[Business Introducer Name], an individual/company organized and existing under the laws of [Introducer’s Country], with its registered office at [Introducer’s Address] (“Introducer”).
Background
The Company is engaged in [Brief Description of Company’s Business], and the Introducer has expressed an interest in introducing potential clients or business opportunities to the Company.
Agreement
- Introduction of Clients: The Introducer agrees to introduce potential clients or business opportunities to the Company in accordance with the terms of this Agreement.
- Commission: In consideration for the introductions made by the Introducer, the Company agrees to pay the Introducer a commission of [Commission Percentage]% of the net revenue generated from clients introduced by the Introducer.
- Payment Terms: The commission shall be paid to the Introducer within [Number] days of the Company receiving payment from clients introduced by the Introducer.
- Confidentiality: Both parties agree to keep confidential any information disclosed by the other party during the course of this Agreement.
- Termination: Either party may terminate this Agreement by providing [Number] days’ written notice to the other party.
- Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Your Country].
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Company Name]
By: ___________________________ [Signature]
Name: ________________________
Title: _________________________
Date: _________________________
[Business Introducer Name]
By: ___________________________ [Signature]
Name: ________________________
Title: _________________________
Date: _________________________
This template can be used by businesses that want to formalize their relationship with individuals or companies who introduce potential clients or business opportunities to them in exchange for a commission.
Very simple Sample Business Introducer Agreement
This agreement (“Agreement”) is entered into on [Date] between [Business Name], located at [Address] (“Company”), and [Individual/Company Name], located at [Address] (“Introducer”).
1. Introduction of Clients/Prospects: Introducer agrees to introduce potential clients or business prospects (“Clients”) to Company during the term of this Agreement.
2. Compensation: In consideration for the introductions provided by the Introducer, Company shall pay Introducer a commission based on the revenue generated from Clients introduced by the Introducer.
3. Term and Termination: This Agreement shall commence on [Date] and shall continue until terminated by either party upon [Number] days’ written notice.
4. Confidentiality: Both parties agree to maintain the confidentiality of any proprietary or confidential information disclosed during the course of this Agreement.
5. Representations and Warranties: Both parties represent and warrant that they have the authority to enter into this Agreement and fulfill their respective obligations.
6. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].
7. Entire Agreement: This Agreement constitutes the entire understanding between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral.
8. Signatures: This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Signature of Company Representative] [Signature of Introducer]
[Printed Name of Company Representative] [Printed Name of Introducer]
Business Introducer Agreement Template and Examples
A Business Introducer Agreement, also known as a Finder’s Fee Agreement, outlines the terms between a business and an individual who introduces potential clients or business opportunities. It clarifies expectations and protects both parties involved.
Here’s a basic template:
I. Introduction
This agreement (“Agreement”) is made and entered into as of [Date] by and between [Name of Business] (“Company”) and [Name of Introducer] (“Introducer”).
II. Purpose
The purpose of this Agreement is to establish the terms and conditions under which Introducer will introduce potential clients to Company and the compensation Introducer will receive for successful introductions.
III. Services of Introducer
Introducer agrees to use commercially reasonable efforts to identify and introduce potential clients to Company that are a good fit for Company’s products or services. Introducer will provide Company with relevant information about each potential client, including [e.g., contact information, industry, business needs].
IV. Services of Company
Company agrees to evaluate each introduction made by Introducer and to make a good faith effort to pursue business opportunities with such potential clients. Company will promptly notify Introducer of the results of its evaluation of each introduction.
V. Compensation
If Company enters into a mutually agreeable contract with a potential client introduced by Introducer, Company agrees to pay Introducer a fee of [Percentage]% of the gross revenue generated by Company from such contract, up to a maximum of [Amount]. Payment will be made within [Number] days of the execution of the contract with the introduced client.
VI. Confidentiality
Both parties agree to keep confidential all non-public information disclosed by the other party in connection with this Agreement.
VII. Term and Termination
This Agreement shall be effective as of the date hereof and shall continue for a period of [Number] year(s), unless terminated earlier as provided herein. This Agreement may be terminated by either party upon [Number] days’ written notice to the other party.
VIII. Entire Agreement
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.
IX. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
X. Signatures
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
[Signature of Company Representative]
[Signature of Introducer]
Examples of Business Introducer Agreements:
- A marketing consultant introduces a potential client to a software development company.
- A real estate agent introduces a potential buyer to a property seller.
- A business broker introduces a potential franchisee to a franchisor.
- An event organizer introduces a potential sponsor to a company looking for marketing opportunities.
Remember: This is just a basic template and may need to be modified to fit your specific needs. It’s always advisable to consult with an attorney to ensure your agreement is legally sound and protects your interests.
Business Introducer Agreement Example: XYZ Tech Solutions Inc. and ABC Consulting Services
In this example, ABC Consulting Services acts as the introducer, leveraging its network and expertise to refer potential clients to XYZ Tech Solutions Inc. in exchange for a commission. The agreement outlines the terms and conditions of their collaboration, including commission structure, payment terms, confidentiality, and termination clauses. This type of agreement helps formalize the relationship between businesses and ensures transparency and fairness in commission payments.
Parties:
- Company: XYZ Tech Solutions Inc., a software development company based in California, USA.
- Introducer: ABC Consulting Services, a business consultancy firm based in New York, USA.
Background: XYZ Tech Solutions Inc. specializes in developing custom software solutions for small and medium-sized businesses. ABC Consulting Services, on the other hand, provides management consulting services to various clients across different industries. ABC Consulting Services has a network of clients who might benefit from the software solutions offered by XYZ Tech Solutions Inc.
Agreement Terms:
- Introduction of Clients: ABC Consulting Services agrees to introduce potential clients in need of software development services to XYZ Tech Solutions Inc. These introductions will be made via email or personal referral.
- Commission: In consideration for the introductions made by ABC Consulting Services, XYZ Tech Solutions Inc. agrees to pay a commission of 10% of the total project value for any client successfully referred by ABC Consulting Services. For example, if a referred client signs a contract with XYZ Tech Solutions Inc. for a software development project worth $50,000, ABC Consulting Services will receive a commission of $5,000.
- Payment Terms: The commission will be paid to ABC Consulting Services within 30 days of the receipt of payment from the referred client. XYZ Tech Solutions Inc. will provide ABC Consulting Services with a detailed invoice outlining the project value and the corresponding commission amount.
- Confidentiality: Both parties agree to maintain the confidentiality of any proprietary or sensitive information shared during the course of their business relationship.
- Termination: Either party may terminate the agreement with a written notice period of 30 days. In the event of termination, any outstanding commissions owed to ABC Consulting Services will be paid within 30 days of the termination date.
- Governing Law: This agreement shall be governed by and construed in accordance with the laws of the State of California.
Signatures:
- XYZ Tech Solutions Inc.: [Signature]
- ABC Consulting Services: [Signature]
Date: [Date]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.
[Your Company Name]
By: ___________________________ [Signature]
Name: ________________________
Title: _________________________
Date: _________________________
[Business Introducer Name]
By: ___________________________ [Signature]
Name: ________________________
Title: _________________________
Date: _________________________
Complete Sample Business Introducer Agreement for brand with duration of time
ENTERED INTO BY AND BETWEEN:
