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Real Estate Finders Fee Agreement
"I need a Real Estate Finders Fee Agreement for my UK-based investment company searching for commercial properties in Cape Town, with a 2% success fee structure and exclusive rights until March 2025, including specific provisions for cross-border payments and currency considerations."
1. Parties: Identifies and provides full details of the principal and the finder, including registration numbers and addresses
2. Background: Explains the context of the agreement, including the principal's desire to find property and the finder's ability to provide such services
3. Definitions: Defines key terms used throughout the agreement, including 'Property Requirements', 'Success Fee', 'Introduction', and 'Qualifying Transaction'
4. Appointment: Formal appointment of the finder and scope of authority
5. Services: Detailed description of the services to be provided by the finder
6. Success Fee: Specifies the fee structure, calculation method, and payment terms
7. Payment Terms: Details when and how payment will be made, including any conditions precedent
8. Duration: Specifies the term of the agreement and any applicable extension periods
9. Obligations of the Finder: Lists the finder's responsibilities and commitments
10. Obligations of the Principal: Lists the principal's responsibilities and commitments
11. Exclusivity: States whether the arrangement is exclusive or non-exclusive
12. Confidentiality: Provisions regarding confidential information and its protection
13. Termination: Conditions and procedures for terminating the agreement
14. General Provisions: Standard legal clauses including notices, governing law, and jurisdiction
1. Multiple Properties: Include when the finder may identify multiple properties or when success fee structures vary by property type
2. Co-operation with Other Agents: Include when the finder may need to work with other real estate agents or professionals
3. International Transactions: Include when dealing with international property searches or foreign principals
4. Non-Circumvention: Include to prevent direct dealings between principal and property owners/agents introduced by the finder
5. Dispute Resolution: Include specific arbitration or mediation procedures if desired as an alternative to court proceedings
6. Force Majeure: Include when needed to address unforeseen circumstances that may affect performance
7. FICA Compliance: Include detailed Financial Intelligence Centre Act compliance requirements when dealing with high-value transactions
1. Schedule A - Property Requirements: Detailed specifications of the type, location, and characteristics of properties being sought
2. Schedule B - Fee Structure: Detailed breakdown of success fee calculations, including any sliding scales or special circumstances
3. Schedule C - Excluded Properties: List of properties already known to the principal or excluded from the agreement
4. Appendix 1 - Required Documentation: List of documents required for proper introduction and verification of properties
5. Appendix 2 - Introduction Protocol: Formal procedure for introducing properties and documenting such introductions
6. Appendix 3 - Compliance Checklist: Checklist of regulatory requirements and necessary compliance steps
Authors
Appointed Date
Business Day
Commission
Confidential Information
Effective Date
Exclusivity Period
Finder
Finder's Fee
Identified Property
Introduction
Laws
Minimum Property Requirements
Principal
Property
Property Information
Property Owner
Qualifying Introduction
Qualifying Transaction
Related Persons
Relevant Period
Success Fee
Target Property
Term
Territory
Transaction
Transaction Value
Valid Introduction
Scope of Services
Success Fee
Payment Terms
Exclusivity
Term and Duration
Termination
Obligations
Representations and Warranties
Confidentiality
Non-Circumvention
Intellectual Property
Data Protection
Force Majeure
Assignment
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Variation
Costs
Good Faith
Compliance with Laws
Non-Solicitation
Indemnification
Liability Limitation
Property Requirements
Introduction Process
Commission Structure
Real Estate
Commercial Property
Residential Property
Property Development
Property Investment
Corporate Real Estate
Industrial Property
Retail Property
Hospitality Property
Asset Management
Legal
Real Estate
Property Management
Business Development
Acquisitions
Investment
Compliance
Finance
Operations
Facilities Management
Real Estate Agent
Property Finder
Property Consultant
Real Estate Broker
Property Acquisition Manager
Real Estate Investment Manager
Business Development Manager
Property Portfolio Manager
Corporate Real Estate Manager
Facilities Manager
Legal Counsel
Contract Manager
Real Estate Director
Chief Investment Officer
Property Development Manager
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