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Finder Fee Agreement For Sales Leads

Finder Fee Agreement For Sales Leads Template for New Zealand

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Key Requirements PROMPT example:

Finder Fee Agreement For Sales Leads

"I need a Finder Fee Agreement For Sales Leads for my software company that includes a tiered commission structure (5% for first $50k in sales, 7% thereafter) and a 12-month exclusivity clause, with the agreement starting January 1, 2025."

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Document background
The Finder Fee Agreement For Sales Leads is a crucial document for businesses in New Zealand looking to expand their customer base through external lead generation partnerships. This agreement is typically used when a company wants to formalize arrangements with individuals or organizations who can introduce potential customers, setting clear terms for lead qualification and compensation. The document ensures compliance with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Privacy Act 2020, and Fair Trading Act 1986. It's particularly valuable for businesses that rely on referral networks or want to incentivize third parties to generate qualified leads. The agreement includes essential elements such as lead qualification criteria, fee structures, payment terms, confidentiality provisions, and data protection requirements, providing a clear framework for both parties while minimizing potential disputes.
Suggested Sections

1. Parties: Identifies and provides full details of the parties entering into the agreement - the Principal (company seeking leads) and the Finder

2. Background: Explains the context of the agreement, including the Principal's business and their need for sales leads

3. Definitions: Defines key terms used throughout the agreement, including 'Qualified Lead', 'Success Fee', 'Territory', etc.

4. Appointment and Scope: Establishes the Finder's appointment and defines the scope of services, including the types of leads sought

5. Lead Requirements: Specifies what constitutes a qualified lead and the minimum information required for each lead

6. Payment Terms: Details the fee structure, payment timing, and conditions for earning the finder's fee

7. Confidentiality: Outlines obligations regarding confidential information shared during the course of the agreement

8. Privacy and Data Protection: Addresses handling of personal information and compliance with privacy laws

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

10. General Provisions: Standard legal provisions including governing law, notices, and entire agreement clause

Optional Sections

1. Non-Compete: Restricts the Finder from working with competitors, used when sharing sensitive industry information

2. Exclusivity: Makes the arrangement exclusive, used when the Principal wants to be the Finder's only client in a particular industry/territory

3. Dispute Resolution: Detailed dispute resolution procedures, recommended for high-value or complex arrangements

4. Intellectual Property: Addresses ownership of any IP created during lead generation, needed if the Finder creates marketing materials

5. Performance Metrics: Sets specific KPIs and performance standards, useful for ongoing relationships

6. Training and Support: Outlines any training or support provided to the Finder, relevant for complex products/services

7. Insurance Requirements: Specifies required insurance coverage, important for high-value or regulated industries

Suggested Schedules

1. Schedule 1 - Fee Structure: Detailed breakdown of finder's fees, including any tiered pricing or bonus structures

2. Schedule 2 - Lead Qualification Criteria: Detailed criteria for what constitutes a qualified lead and how leads are evaluated

3. Schedule 3 - Territory Definition: Specific geographical or market segment boundaries for the Finder's activities

4. Schedule 4 - Reporting Templates: Standard forms and templates for lead submission and reporting

5. Schedule 5 - Approved Marketing Materials: List of approved marketing materials and messaging the Finder can use

6. Appendix A - Data Protection Requirements: Specific procedures for handling personal data and maintaining privacy compliance

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Principal
Finder
Business Day
Commencement Date
Confidential Information
Disqualified Lead
Effective Date
Exclusivity Period
Fee
Force Majeure Event
GST
Intellectual Property Rights
Lead
Qualified Lead
Lead Information
Marketing Materials
Personal Information
Privacy Laws
Products
Referral Period
Services
Success Fee
Territory
Term
Termination Date
Transaction
Successful Transaction
Representative
Related Company
Renewal Term
Initial Term
Working Hours
Reporting Period
Commission
Dispute
Material Breach
Payment Terms
Conversion
Contact Information
Clauses
Appointment
Services
Lead Qualification
Territory
Exclusivity
Commission Structure
Payment Terms
Performance Requirements
Reporting Requirements
Confidentiality
Privacy and Data Protection
Intellectual Property
Non-Compete
Non-Solicitation
Representations and Warranties
Term and Termination
Force Majeure
Liability and Indemnification
Insurance
Assignment
Dispute Resolution
Governing Law
Notices
Entire Agreement
Variation
Severability
Good Faith
Compliance with Laws
Independent Contractor
GST and Taxation
Record Keeping
Marketing and Promotion
Relationship of Parties
Survivability
Third Party Rights
Relevant Industries

Professional Services

Real Estate

Financial Services

Technology

Manufacturing

Consulting

Insurance

Telecommunications

Education

Healthcare

Business Services

Software & IT

Relevant Teams

Legal

Sales

Business Development

Finance

Procurement

Marketing

Commercial Operations

Compliance

Channel Partnerships

Executive Leadership

Relevant Roles

Business Development Manager

Sales Director

Chief Revenue Officer

Commercial Manager

Legal Counsel

Procurement Manager

Channel Partnership Manager

Sales Operations Manager

Marketing Director

Chief Executive Officer

Contract Administrator

Finance Manager

Industries
Contract and Commercial Law Act 2017: Governs the formation, interpretation, and enforcement of contracts in New Zealand, including aspects of electronic transactions and legal requirements for valid agreements
Fair Trading Act 1986: Ensures fair business practices and prohibits misleading or deceptive conduct in trade, which is relevant for how leads are obtained and represented
Privacy Act 2020: Regulates how personal information is collected, used, stored, and shared, particularly important when handling customer leads and contact information
Income Tax Act 2007: Governs the taxation of payments and commissions, including withholding tax obligations and GST considerations for finder's fees
Employment Relations Act 2000: Important to ensure the finder's fee arrangement doesn't create an unintended employment relationship and maintains clear independent contractor status
Anti-Money Laundering and Countering Financing of Terrorism Act 2009: May be relevant if the arrangement involves substantial payments or operates within regulated industries
Consumer Guarantees Act 1993: May be relevant if the leads involve consumer transactions, ensuring compliance with consumer protection requirements
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,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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