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Real Estate Finders Fee Agreement
"I need a Real Estate Finders Fee Agreement for my property finding business in Dublin, Ireland, which will be used to find commercial properties for corporate clients with a fee structure of 1% of the purchase price and a minimum fee of €10,000."
1. Parties: Identification of the Property Finder and the Client, including full legal names, addresses, and company registration numbers if applicable
2. Background: Context of the agreement, including the Client's desire to find specific property and engagement of the Finder's services
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Successful Introduction', 'Fee', 'Property', etc.
4. Scope of Services: Detailed description of the property finding services to be provided, including territory coverage and property type specifications
5. Finder's Obligations: Key responsibilities of the Finder, including property search methods, reporting, and compliance with relevant regulations
6. Client's Obligations: Client's responsibilities, including providing accurate requirements, timely responses, and necessary information
7. Fee Structure: Detailed breakdown of finder's fees, calculation method, and payment terms
8. Payment Terms: Timing of payments, method of payment, and conditions triggering payment obligation
9. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
10. Confidentiality: Obligations regarding confidential information shared during the engagement
11. Governing Law and Jurisdiction: Specification of Irish law as governing law and jurisdiction for disputes
1. Exclusivity: Terms regarding exclusive rights to represent the client, used when the finder requires exclusive engagement
2. Professional Indemnity: Details of professional insurance coverage, used when specifically requested or for high-value properties
3. Data Protection: GDPR compliance terms, used when personal data processing is extensive
4. Anti-Money Laundering: AML compliance procedures, used for high-value transactions or when working with corporate clients
5. Force Majeure: Provisions for unforeseen circumstances, used in longer-term agreements
6. Assignment: Terms regarding the transfer of rights under the agreement, used when working with corporate clients
1. Schedule 1 - Property Requirements: Detailed specification of the client's property requirements including location, size, budget, and special features
2. Schedule 2 - Fee Calculation: Detailed breakdown of fee structure, including examples of calculations and any sliding scales
3. Schedule 3 - Service Level Agreement: Specific metrics and timelines for service delivery and reporting
4. Appendix A - Required Documentation: List of documents required from both parties for compliance purposes
5. Appendix B - Communication Protocol: Agreed procedures for regular updates and communication between parties
Authors
Real Estate
Property Development
Property Investment
Professional Services
Legal Services
Property Management
Construction
Hospitality
Retail
Corporate Services
Legal
Real Estate
Property Services
Business Development
Compliance
Operations
Finance
Commercial
Acquisitions
Client Relations
Property Finder
Real Estate Agent
Property Consultant
Real Estate Broker
Property Acquisition Specialist
Real Estate Investment Advisor
Property Services Manager
Legal Counsel
Contracts Manager
Business Development Manager
Real Estate Portfolio Manager
Property Research Analyst
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