Finders Fee Consulting Agreement Template for Singapore

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Key Requirements PROMPT example:

Finders Fee Consulting Agreement

"I need a Finder's Fee Consulting Agreement for my Singapore-based tech company to engage a consultant who will help us identify potential acquisition targets in Southeast Asia, with a success fee of 2% of deal value and an initial term until March 2025."

Document background
The Finder's Fee Consulting Agreement is essential when engaging consultants or intermediaries to identify business opportunities in Singapore's dynamic market. This document is particularly relevant when companies seek to expand their network, identify investment opportunities, or secure partnerships through professional intermediaries. The agreement outlines the scope of the finder's services, compensation structure, and compliance with Singapore's regulatory framework, particularly important in regulated sectors like financial services. It provides legal protection for both parties while ensuring clarity in terms of deliverables and payment conditions.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of finder's services and obligations

5. Fee Structure: Compensation details, payment terms, and conditions for fee earning

6. Term and Termination: Duration of agreement and termination provisions

7. Confidentiality: Protection of confidential information

Optional Sections

1. Non-Compete: Restrictions on competitive activities when protecting business interests from competition is crucial

2. Exclusivity: Exclusive rights provisions when finder has exclusive rights to certain opportunities

3. Regulatory Compliance: Specific regulatory obligations when services involve regulated activities

4. Insurance: Insurance requirements when significant financial risks are involved

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fee calculations and payment terms

2. Service Description: Detailed scope of services and deliverables

3. Target Companies/Opportunities: List of specific targets or opportunities if applicable

4. Compliance Requirements: Specific regulatory or compliance obligations

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

Industries

Contract Law (Chapter 2): Primary legislation governing formation and enforcement of contracts in Singapore, essential for the basic structure and enforceability of the finder's fee agreement

Civil Law Act (Chapter 43): Fundamental legislation governing civil obligations and remedies in Singapore, relevant for contractual relationships and enforcement

Employment Act: Must be considered to ensure the finder's agreement doesn't inadvertently create an employment relationship

Securities and Futures Act (SFA): Regulatory framework for securities and financial services; crucial if the finder's services involve investment opportunities or securities

Financial Advisers Act (FAA): Regulates financial advisory services; relevant if the finder provides any form of financial or investment advice

MAS Guidelines: Monetary Authority of Singapore guidelines governing financial services and related activities

Prevention of Corruption Act: Anti-corruption legislation to ensure finder's fee arrangements don't constitute illegal kickbacks or improper payments

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data; relevant if personal information is handled during services

Income Tax Act: Tax legislation relevant for proper treatment and reporting of finder's fees as income

Goods and Services Tax Act: GST implications for finder's fee payments and services rendered

Corruption, Drug Trafficking and Other Serious Crimes Act: Anti-money laundering legislation relevant for financial transactions and business introductions

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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