Finder's Fee Agreement for Acquisition
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
This Finder's Fee Agreement for Acquisition is between a finder and a company who desires to hire the individual to find a buyer to acquire all or a portion of the company's business and assets. The finder is typically not an employee of the company.
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This letter agreement identifies whether this arrangement is on a non-exclusive or exclusive. It also sets out detailed terms about the fees paid to the finder and that finder will register a potential buyer with seller within a certain time after an introduction is made.
This Finder's Fee Agreement for Acquisition includes:
- Parties: Sets forth the identities of the finder and the seller from whom the finder will locate a buyer;
- Appointment: Seller authorizes finder to identify a buyer, either on an exclusive or non-exclusive basis;
- Finder's Fee: Sets forth specifics regarding the fee paid to the finder;
- Termination: This agreement may be terminated by either upon giving written notice to the other;
- Status: Finder's position is that of a finder only, and not a real estate dealer or broker;
- Signatures: This agreement must be signed by the finder and accepted and agreed to by an officer of the seller.
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This attorney-prepared packet contains:
- General Information
- Instructions and Checklist
- Finder's Fee Agreement for Acquisition
Finder's Fee Agreement for Acquisition
Product Details
| Product | Finder's Fee Agreement for Acquisition |
| Country | United States |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Finders Fee Agreement for Acquisition |
| Product number | #43678 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Finder's Fee Agreement for Acquisition is a legal document that outlines the terms under which a finder is compensated for identifying a buyer for a company's assets. It clarifies the roles and responsibilities of both the finder and the seller.
Typically, a finder is an individual who is not an employee, officer, or director of the company. They act independently to locate potential buyers and facilitate the acquisition process.
The agreement includes details about the parties involved, the appointment of the finder, the fee structure, termination conditions, and the status of the finder as a non-broker.
Yes, either party can terminate the agreement by providing written notice to the other party, as specified in the termination clause of the document.
Yes, once signed by both the finder and an authorized officer of the seller, the agreement becomes a legally binding contract that outlines the obligations of both parties.
If the finder is unable to identify a buyer within the agreed timeframe, they may not be entitled to the finder’s fee, depending on the terms outlined in the agreement.
The agreement must comply with state laws regarding finder’s fees and business transactions. It's advisable to consult with a legal professional to ensure compliance.
Yes, unless the agreement specifies exclusivity, the finder can represent multiple sellers and seek buyers for different businesses simultaneously.
Is This Form Right For You?
Use This Form If:
- Individuals who are looking to facilitate a business acquisition can utilize this agreement to define the terms under which they will be compensated for their services in finding a buyer. This ensures clarity and legal protection for both parties involved.
- Situations requiring a clear understanding of the finder’s role in a transaction may benefit from this agreement. It outlines the responsibilities and limitations of the finder, ensuring that they are not misclassified as a broker or dealer.
- For those seeking to establish a formal relationship with a finder, this agreement provides the necessary framework to outline payment terms and expectations. It helps prevent disputes by clearly stating the finder’s fee and the conditions for payment.
- Companies looking to sell their assets can use this agreement to engage a finder without the complexities of hiring an employee. This allows for flexibility in the arrangement while still ensuring that the finder is compensated for their efforts.
- In cases where a seller wishes to maintain control over the sales process, this agreement can specify whether the finder operates on an exclusive or non-exclusive basis. This distinction can significantly impact the seller's strategy and market approach.
Do Not Use If:
- – This form is not appropriate when the finder is expected to perform duties beyond identifying a buyer, such as negotiating terms or managing the sale process. In such cases, a more comprehensive agreement may be necessary.
- – If the finder is an employee of the company, this agreement is not suitable, as it is designed for independent contractors. Employee relationships typically require different contractual arrangements.
- – In situations where the seller is not legally allowed to sell their assets, such as during bankruptcy proceedings, this agreement should not be used. Legal restrictions must be considered before engaging a finder.
- – If the parties involved are not in agreement about the finder’s fee or the terms of the arrangement, it is advisable to resolve these issues before using this form to avoid potential disputes.
- – This agreement should not be used in jurisdictions where finder’s fees are prohibited or heavily regulated without proper legal counsel. Compliance with local laws is essential.
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