Finders Fee Agreement Uk

In other words, the commission must be paid after the termination of contracts concluded as a result of introductions before the date of termination. This agreement protects the introducer from the fact that the supplier terminates the contract in order to avoid payment of the commission after the introduction of a particularly lucrative new customer. A commission agreement, also known as an introductory agreement or Finder`s Fee, is an agreement in which one party (a supplier of goods and/or services) wishes to instruct another (the introducer) to introduce potential customers for the services and/or goods for a commission. In other words, the introducer is appointed to introduce potential customers to the supplier in order to generate more revenue and increase customer base, and the introducer receives a commission in return for his efforts. .