Finder Fee Agreement For Sales Leads

Finder Fee Agreement For Sales Leads Template for Philippines

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Key Requirements PROMPT example:

"I need a Finder Fee Agreement For Sales Leads for my software company based in Manila, offering 15% commission on successful sales leads, with specific provisions for international leads and monthly payment terms starting March 2025."

Document background

The Finder Fee Agreement For Sales Leads is essential for businesses operating in the Philippines who wish to expand their customer base through external lead generators. This document is typically used when a company wants to formalize arrangements with individuals or organizations who can identify and refer potential customers, establishing clear terms for compensation and performance expectations. The agreement must comply with Philippine law, including the Civil Code, taxation requirements, and data privacy regulations. It includes detailed provisions for lead qualification criteria, success fee calculations, payment terms, and confidentiality obligations. This type of agreement is particularly valuable for businesses seeking to grow their market presence while managing risks and maintaining clear accountability in their lead generation processes.

Suggested Sections

1. Parties: Identifies the contracting parties - the Company seeking leads and the Finder

2. Background: Explains the context of the agreement and the Company's desire to engage the Finder for lead generation

3. Definitions: Defines key terms used throughout the agreement including 'Qualified Lead', 'Success Fee', and 'Target Customer'

4. Appointment and Scope: Establishes the Finder's appointment and describes the services to be provided

5. Finder's Obligations: Details the Finder's responsibilities in identifying and referring potential customers

6. Company's Obligations: Outlines the Company's responsibilities in handling leads and maintaining communication

7. Success Fee and Payment Terms: Specifies the fee structure, calculation method, and payment conditions

8. Term and Termination: Sets the duration of the agreement and conditions for termination

9. Confidentiality: Establishes obligations regarding confidential information

10. Data Privacy and Protection: Ensures compliance with Philippine Data Privacy Act requirements

11. Non-Solicitation: Prevents parties from soliciting each other's employees or clients

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

Optional Sections

1. Exclusivity: Used when the Finder is granted exclusive rights for specific territories or customer segments

2. Performance Targets: Included when minimum performance levels are required to maintain the relationship

3. Training and Support: Added when the Company provides specific training or resources to the Finder

4. Intellectual Property: Included when the Finder needs access to company trademarks or materials

5. Insurance Requirements: Used when specific insurance coverage is required from the Finder

6. Dispute Resolution: Added when parties want to specify mediation or arbitration procedures

7. Non-Circumvention: Included to prevent direct dealings between the Company and Finder's contacts

Suggested Schedules

1. Schedule A - Fee Structure: Detailed breakdown of success fees, including calculation methods and examples

2. Schedule B - Qualified Lead Criteria: Specific criteria defining what constitutes a qualified lead

3. Schedule C - Target Customer Profile: Detailed description of ideal customer characteristics and requirements

4. Schedule D - Territories: List of geographic areas or market segments covered by the agreement

5. Schedule E - Reporting Templates: Standard forms for lead submission and tracking

6. Appendix 1 - Data Processing Agreement: Detailed terms for handling personal data in compliance with privacy laws

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Technology and Software

Professional Services

Real Estate

Financial Services

Manufacturing

Telecommunications

Business Consulting

Insurance

Healthcare Services

Education and Training

Relevant Teams

Legal

Sales

Business Development

Finance

Operations

Procurement

Marketing

Compliance

Commercial Operations

Executive Leadership

Relevant Roles

Business Development Manager

Sales Director

Chief Revenue Officer

Marketing Manager

Legal Counsel

Finance Manager

Operations Director

Channel Partner Manager

Procurement Manager

Chief Executive Officer

Commercial Director

Contract Administrator

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