Finder's Fee Commission Agreement Template for South Africa

The Finder's Fee Commission Agreement is essential for businesses operating in South Africa that rely on external parties to source new opportunities, clients, or partnerships. This document is particularly relevant in today's interconnected business environment where professional intermediaries play a crucial role in facilitating business connections. It provides a clear framework for compensating individuals or entities who introduce valuable business opportunities, while ensuring compliance with South African regulations, including the FAIS Act, Consumer Protection Act, and anti-corruption laws. The agreement typically includes detailed commission structures, payment terms, qualification criteria for successful introductions, and protective clauses for both parties. It's particularly important in regulated industries where transparency in intermediary relationships is mandatory.

1. Parties: Identifies and provides full details of the principal and the finder

2. Background: Sets out the context of the agreement and the principal's need for the finder's services

3. Definitions: Defines key terms used throughout the agreement

4. Appointment and Scope: Establishes the finder's appointment and details the authorized services

5. Commission Structure: Details the agreed commission rates and calculation methods

6. Payment Terms: Specifies when and how commission payments will be made

7. Qualifying Transactions: Defines what constitutes a successful introduction that triggers commission payment

8. Obligations of the Finder: Lists the finder's duties, responsibilities, and service standards

9. Obligations of the Principal: Outlines the principal's commitments and responsibilities

10. Term and Termination: Specifies the duration of the agreement and termination provisions

11. Confidentiality: Protects confidential information shared during the relationship

12. Non-Circumvention: Prevents direct dealings that bypass the finder

13. Dispute Resolution: Sets out procedures for resolving disagreements

14. General Provisions: Contains standard legal clauses including governing law, notices, and amendments