The Finder's Agreement is essential for businesses operating in Qatar who wish to engage independent parties to source new business opportunities, partnerships, or clients. This document type is particularly important in Qatar's business environment, where relationships and introductions play a crucial role in business development. The agreement must be carefully structured to comply with Qatar's legal framework, particularly the Commercial Code and Agency Law, to avoid creating unintended agency relationships. A well-drafted Finder's Agreement will clearly define the scope of services, establish fee structures, and include robust compliance provisions while maintaining alignment with Islamic law principles. It's commonly used in various sectors from real estate to financial services, typically involving reward mechanisms based on successful introductions that lead to completed transactions.
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1. Parties: Identification of the principal company and the finder, including full legal names and addresses
2. Background: Context of the agreement, nature of the principal's business, and general purpose of the finder's engagement
3. Definitions: Key terms used throughout the agreement, including 'Successful Introduction', 'Target Business', 'Finder's Fee', etc.
4. Appointment and Scope: Clear definition of the finder's role, specific services, and explicit statement that this is not an agency or employment relationship
5. Finder's Services: Detailed description of what constitutes a valid introduction and the finder's specific obligations
6. Fee Structure: Detailed explanation of how and when finder's fees are earned, calculation methods, and payment terms
7. Payment Terms: Timing of payments, currency, method of payment, and any applicable tax considerations
8. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
9. Confidentiality: Obligations regarding confidential information and trade secrets
10. Compliance: Anti-bribery, anti-corruption, and regulatory compliance obligations
11. Representations and Warranties: Key assurances from both parties, including finder's authority and compliance with laws
12. Limitation of Liability: Caps on liability and exclusions of certain types of damages
13. General Provisions: Standard boilerplate clauses including notices, amendments, governing law, etc.
1. Exclusivity: Used when the finder is granted exclusive rights for certain territories or target businesses
2. Non-Circumvention: Include when there's risk of the principal bypassing the finder to avoid fees
3. Data Protection: Required when the finder will handle personal data or when dealing with EU entities
4. Force Majeure: Optional clause for unforeseen circumstances, particularly relevant in international arrangements
5. Non-Compete: Include when the finder has access to sensitive information or significant market knowledge
6. Dispute Resolution: Detailed dispute resolution procedures, particularly important for international arrangements
7. Insurance: Include when the finder's activities might create significant risks or liabilities
1. Fee Schedule: Detailed breakdown of fee structures, calculations, and examples
2. Target Business List: List of approved target businesses or industries if the scope is limited
3. Excluded Opportunities: List of pre-existing relationships or excluded targets
4. Required Information Form: Template for information required from the finder when submitting a potential opportunity
5. Compliance Policies: Principal's relevant compliance policies that the finder must adhere to
6. Introduction Certificate: Template for documenting valid introductions
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