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Real Estate Finders Fee Agreement
1. Parties: Identification of the principal and the finder, including full legal names, addresses, and registration numbers if applicable
2. Background: Context of the agreement, including the principal's desire to acquire/sell property and the finder's expertise
3. Definitions: Key terms used throughout the agreement, including 'Property Requirements', 'Success Fee', 'Introduction', etc.
4. Scope of Services: Detailed description of the finder's services, including property search criteria and introduction methods
5. Fee Structure: Details of the finder's fee calculation, payment terms, and conditions for fee eligibility
6. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
7. Obligations of the Finder: Finder's duties, including reporting requirements and professional standards
8. Obligations of the Principal: Principal's responsibilities, including providing necessary information and cooperation
9. Exclusivity: Whether the arrangement is exclusive or non-exclusive and related terms
10. Confidentiality: Obligations regarding confidential information exchange and protection
11. Data Protection: Compliance with GDPR and Danish data protection requirements
12. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
1. Non-Circumvention: Used when there's a risk of the principal bypassing the finder to avoid fees
2. Professional Indemnity: Include when the finder maintains professional indemnity insurance
3. Force Majeure: Added when parties want specific provisions for unforeseen circumstances
4. Assignment: Include if either party may need to transfer rights under the agreement
5. Multiple Properties: Used when the finder may identify multiple properties
6. Success Bonus: Include when additional incentives are offered for exceptional performance
7. Warranties: Added when specific representations about capabilities or authority are required
1. Property Requirements: Detailed specifications of the desired property, including location, size, price range, and features
2. Fee Calculation Examples: Illustrations of how the finder's fee will be calculated in various scenarios
3. Reporting Template: Standard format for regular reports from finder to principal
4. Excluded Properties/Contacts: List of properties or contacts already known to the principal that are excluded from the fee arrangement
5. Required Documentation: List of documents and information required for property introductions
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