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An Introduction Fee Agreement is essential for businesses operating in Saudi Arabia who wish to formalize arrangements where one party facilitates business connections or opportunities for another in exchange for compensation. The document is particularly relevant in today's Saudi business environment, where networking and business introductions play a crucial role in market entry and expansion strategies. It must be carefully structured to comply with Saudi commercial law, including the Commercial Court Law (Royal Decree No. M/93), and Sharia principles, particularly regarding the clarity of services and compensation. The agreement typically details the nature of desired introductions, specific criteria for successful introductions, fee calculations, payment terms, and obligations of both parties. It's commonly used in various sectors from financial services to real estate, and is particularly important given Saudi Arabia's evolving business landscape under Vision 2030 initiatives.

1. Parties: Identification of the parties entering into the agreement, including full legal names, addresses, and registration details

2. Background: Context of the agreement, including the introducer's expertise and the nature of introductions sought

3. Definitions: Key terms used throughout the agreement, including 'Introduction', 'Introduction Fee', 'Successful Introduction', and 'Target Business/Client'

4. Scope of Services: Detailed description of the introduction services to be provided and any specific requirements or target criteria

5. Introduction Process: Step-by-step process for how introductions will be made and documented

6. Fee Structure: Clear definition of fees, calculation method, and triggers for payment in compliance with Sharia principles

7. Payment Terms: Timeline and method of payment, including any conditions precedent to payment

8. Obligations of the Introducer: Specific duties and responsibilities of the party providing the introduction services

9. Obligations of the Client: Responsibilities of the party receiving the introductions, including cooperation and information provision

10. Confidentiality: Provisions regarding the handling of confidential information exchanged during the introduction process

11. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

12. Governing Law and Jurisdiction: Specification of Saudi law as governing law and relevant dispute resolution mechanisms