Simple Finders Fee Agreement Template for South Africa

The Simple Finder's Fee Agreement is a fundamental commercial document used in South African business contexts where one party (the finder) agrees to introduce potential business opportunities, clients, or partners to another party (the principal) in exchange for a fee. This document is particularly relevant in today's interconnected business environment where networking and business introductions play a crucial role in growth and development. The agreement typically specifies the scope of the finder's services, defines what constitutes a successful introduction, outlines the fee structure and payment terms, and includes necessary provisions to ensure compliance with South African legislation, including the Financial Advisory and Intermediary Services Act where applicable. It's designed to protect both parties' interests while maintaining clarity and simplicity in the business relationship.

1. Parties: Identifies the principal and the finder, including their full legal names, registration numbers (if applicable), and physical addresses

2. Background: Brief context of the agreement, explaining the principal's need for the finder's services

3. Definitions: Defines key terms used in the agreement, including 'Successful Introduction', 'Target Business', and 'Finder's Fee'

4. Scope of Services: Details the specific services the finder will provide and any limitations on their authority

5. Finder's Fee and Payment Terms: Specifies the fee structure, calculation method, and payment terms including timing of payments

6. Term and Termination: Defines the duration of the agreement and circumstances under which it can be terminated

7. Representations and Warranties: Basic warranties from both parties, including finder's compliance with applicable laws

8. Confidentiality: Obligations regarding confidential information shared during the engagement

9. General Terms: Standard contractual provisions including notices, entire agreement, and governing law