Summary
A Finders Agreement or Brokerage Agreement is necessary for firms seeking investors for others. Key elements include scope of services, compensation, exclusivity, term and termination, and confidentiality. The agreement should clearly define the services provided, how the firm will be compensated, whether the firm has exclusive rights, the duration of the agreement, and confidentiality terms. It is governed by Wisconsin laws and requires both parties signatures. Consider consulting a legal professional for personalized advice or adjustments.Full Conversation
what type of contract is required for my firm to search, seek and secure an investor for another firm?
Hey ****! For your firm to search, seek, and secure an investor for another firm, you would typically need a "Finder's Agreement" or "Brokerage Agreement." Here are some key elements:
- Scope of Services: Define the specific services your firm will provide.
- Compensation: Outline how your firm will be paid (e.g., commission, flat fee).
- Exclusivity: Specify if your firm has exclusive rights to find investors.
- Term and Termination: Duration of the agreement and conditions for termination.
- Confidentiality: Protect sensitive information shared during the process.
Would you like more detailed information on any of these elements?
prepare an example of a standard "Finder's Agreement" or "Brokerage Agreement."
Sure, ****! Here’s an example of a standard Finder's Agreement/Brokerage Agreement:
---
FINDER'S AGREEMENT
This Finder's Agreement ("Agreement") is entered into as of [Date], by and between:
Finder: [Your Firm's Name], located at [Your Firm's Address]
Client: [Client Firm's Name], located at [Client Firm's Address]
Scope of Services:
Finder agrees to use its best efforts to identify and introduce potential investors to the Client.
Compensation:
Client agrees to pay Finder a commission of [Percentage]% of the total investment secured, payable within [Number] days of the investment.
Exclusivity:
Client grants Finder exclusive rights to find investors for a period of [Duration] from the date of this Agreement.
Term and Termination:
This Agreement shall commence on the date first written above and continue for [Duration]. Either party may terminate this Agreement by providing [Number] days’ written notice to the other party.
Confidentiality:
Finder agrees to keep all proprietary information received from the Client confidential and shall not disclose it to any third party without the Client’s prior written consent.
Miscellaneous:
- This Agreement constitutes the entire agreement between the parties.
- Any amendments or modifications to this Agreement must be in writing and signed by both parties.
- This Agreement shall be governed by the laws of the State of Wisconsin.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Finder:
_________________________
[Name]
[Title]
[Your Firm's Name]
Client:
_________________________
[Name]
[Title]
[Client Firm's Name]
---
Would you like more details or adjustments to this template?
yes
Case Rating: *
****, could you please specify what additional details or adjustments you would like to make to the provided template?
prepare actual document
Case Rating: *
Hey ****, I've prepared a standard Finder's Agreement for you. Here's the document:
---
FINDER'S AGREEMENT
This Finder's Agreement ("Agreement") is entered into as of [Date], by and between:
Finder: [Your Firm's Name], located at [Your Firm's Address]
Client: [Client Firm's Name], located at [Client Firm's Address]
Scope of Services:
Finder agrees to use its best efforts to identify and introduce potential investors to the Client.
Compensation:
Client agrees to pay Finder a commission of [Percentage]% of the total investment secured, payable within [Number] days of the investment.
Exclusivity:
Client grants Finder exclusive rights to find investors for a period of [Duration] from the date of this Agreement.
Term and Termination:
This Agreement shall commence on the date first written above and continue for [Duration]. Either party may terminate this Agreement by providing [Number] days’ written notice to the other party.
Confidentiality:
Finder agrees to keep all proprietary information received from the Client confidential and shall not disclose it to any third party without the Client’s prior written consent.
Miscellaneous:
- This Agreement constitutes the entire agreement between the parties.
- Any amendments or modifications to this Agreement must be in writing and signed by both parties.
- This Agreement shall be governed by the laws of the State of Wisconsin.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written.
Finder:
_________________________
[Name]
[Title]
[Your Firm's Name]
Client:
_________________________
[Name]
[Title]
[Client Firm's Name]
---
Would you like any specific adjustments to this document?
TRY ME!
Start a new chat