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Construction Finders Fee Agreement Template for England and Wales

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Key Requirements PROMPT example:

Construction Finders Fee Agreement

"I need a Construction Finders Fee Agreement for my development company that will appoint a finder to source retail construction projects in Greater London, with a 2% fee structure and exclusivity rights for a 12-month period starting January 2025."

Document background
The Construction Finders Fee Agreement is essential when engaging individuals or companies to source construction projects or opportunities. This agreement, governed by English and Welsh law, establishes clear parameters for the relationship between the finder and the principal, including specific details about commission structures, payment triggers, and the scope of services. It provides protection for both parties by clearly defining what constitutes a successful introduction and when fees become payable, while ensuring compliance with relevant legislation including the Construction Act 1996 and the Bribery Act 2010.
Suggested Sections

1. Parties: Identifies and defines the contracting parties

2. Background: Explains context and purpose of the agreement

3. Definitions: Defines key terms used throughout the agreement

4. Services: Details the finder's services and obligations

5. Fee Structure: Specifies fees, payment terms and conditions

6. Term and Termination: Duration and termination provisions

7. Confidentiality: Confidentiality obligations and restrictions

Optional Sections

1. Exclusivity: Optional provisions for when finder requests exclusive rights to provide services

2. Territory: Optional section defining geographical scope of services when territory-specific restrictions apply

3. Non-Circumvention: Optional provisions to prevent direct dealings bypassing finder when risk of circumvention exists

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fees and commission structures

2. Service Description: Detailed scope of finder's services

3. Target Project Criteria: Specifications of construction projects being sought

4. Required Information Schedule: Information to be provided by parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Estate Agents Act 1979: Key legislation governing property transactions and finder's fee arrangements in property deals. Relevant if the agreement involves property-related services.

Law of Property (Miscellaneous Provisions) Act 1989: Governs property-related contracts and requirements for written agreements in property transactions.

Companies Act 2006: Fundamental legislation governing company operations and contracts between business entities in the UK.

Contracts (Rights of Third Parties) Act 1999: Regulates how third parties may enforce terms of a contract, which could be relevant for intermediary arrangements.

Bribery Act 2010: Critical legislation ensuring commission payments and finder's fees are legitimate and not construed as bribes or improper inducements.

Money Laundering Regulations 2017: Regulations to prevent financial crime and ensure transparency in business transactions and payments.

Financial Services and Markets Act 2000: Relevant if the finder's fee arrangement involves any regulated financial services activities.

Construction Act 1996: Housing Grants, Construction and Regeneration Act governing construction contracts and payment terms in the UK construction industry.

Construction (Design and Management) Regulations 2015: Regulations governing health and safety in construction projects, which may affect the scope of services.

Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, ensuring fairness in contractual relationships.

Consumer Rights Act 2015: Applies if one party is acting as a consumer, providing additional protections and rights.

Misrepresentation Act 1967: Governs false or misleading statements made during contract formation, particularly relevant for finder's fee arrangements.

UK GDPR: Regulates the processing and handling of personal data in business relationships and transactions.

Data Protection Act 2018: UK's implementation of data protection requirements, working alongside UK GDPR.

RICS Professional Standards: Professional guidelines from the Royal Institution of Chartered Surveyors that may affect professional conduct in property and construction matters.

Construction Industry Council Guidelines: Industry-specific guidelines providing best practices for construction-related agreements and professional conduct.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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