Document background
The Introduction Fee Agreement serves as a crucial document for businesses and individuals who facilitate introductions that lead to commercial opportunities. This contract type is commonly used in various sectors including recruitment, financial services, and business consulting. Under English and Welsh law, it establishes clear parameters for introduction services, defines success criteria, and outlines fee structures and payment terms. The agreement helps prevent disputes by clearly documenting the parties' obligations, the scope of services, and the circumstances under which fees become payable. It also ensures compliance with relevant legislation such as the Employment Agencies Act 1973 and the Conduct of Employment Agencies and Employment Businesses Regulations 2003.
