Orlando Finders Fee Agreements Lawyers
Many companies rely on referrals to survive. Other companies struggle to find talent. Finder’s fee agreements allow companies to offer incentives and payments to individuals who bring new business prospects to a company, or to individuals who facilitate deals. Other finder’s fee agreements are agreements made between a company and its current employees and managers to offer incentives, bonuses, and payments for employees who help recruit new talent to the company. Finder’s fee agreements can grow your business, give you a competitive advantage, and increase sales and deals. However, if you plan to pay individuals for finding you deals, clients, and talent, you may want to consider protecting yourself and formalizing the arrangement. While in some circumstances informal referrals are perfectly acceptable, in other circumstances, it is important to protect your interests. If you are considering putting a finder’s fee agreement in place, consider contacting Legal Counsel, P.A., and speak to our Orlando finder’s fee agreement lawyers who can help you draft a contract that is mutually beneficial to your business. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
When do You Need a Finder’s Fee Agreement?
Sometimes finder’s fee incentives are informal. For example, a company might offer a small discount to customers who refer a friend, or a company might offer gift cards or other incentives to employees who refer friends and loved ones to apply for a position where talent is needed. However, there are certain cases where companies should have a finder’s fee agreement in place. There are situations where disputes can arise when an employee refers friends or loved ones to a job or when customers and other individuals refer clients. When can a finder’s fee agreement protect you? If you are a small business and are looking for investors or if you are a small business and are looking to grow your contacts or gain contracts, you may want to have a finder’s fee agreement in place with organizations or individuals who are assisting you with finding new contacts. If you are trying to hire an individual or company to help you gain referrals and new clients, or if you are looking to hire a consultant with expertise in helping you find investors or top talent, or to help you make new deals, a finder’s fee agreement may be a wise course of action.
The more specific your finder’s fee agreement, the better. Certain questions should be answered in the contract. For example, will you pay the finder only if names provided convert into customers or will you pay the finder for the contact list alone? Will you pay a finder for a list of potential investors or will you only pay the finder if investors actually invest in your venture? How much will the finder be paid? Is it a percentage of the value of the new client or a flat rate? Answering these questions in the contract can prevent disputes going forward. Contact Legal Counsel, P.A. and speak to our finder’s fee agreement lawyers in Orlando, Florida who can help you address these questions so that your rights are protected. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Whether you are considering signing a finder’s fee agreement or are a business in need of drafting a formal finder’s fee agreement, our finder’s fee agreement lawyer in Orlando Florida at Legal Counsel, P.A. may be able to help. Our attorneys can help you ask appropriate questions before entering into any formal agreement to better protect your rights and we can review your agreement to protect your interests. Before signing a contract or using a template, consider that local rules and laws governing your particular business may differ from what a template can provide. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
