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Finder's Fee Agreement

Located in General Domain Discussion, started by Furgen, Oct 31, 2016

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  1. Furgen

    Furgen Established Member

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    Wondering if anyone has or knows where I can get a finder's fee agreement for a one time payment for help with selling a domain.
     
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  2. johname

    johname Planet Futbol VIP ★★★★★★★★★★

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    If you are doing this on the cheap you will probably have to use a free finder's fee agreement template off the internet, and adjust it to domaining

    Also if the two parties live in different countries, its effectiveness on a small amount of money may not be much.
     
  3. Furgen

    Furgen Established Member

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    Not so much on the cheap, just that I need a template to start with. It's a simple one time thing and both parties are in the USA.
     
  4. Nick

    Nick TLD.PARTNERS VIP

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    I think the better way to go, would be to set up a transaction at Escrow.com where you would be the "broker". This will guarantee you get paid, regardless of where the seller is located.
     
  5. Furgen

    Furgen Established Member

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    Actually, the agreement is to pay someone a percentage of the sale should his introduction lead to one. It's pretty straight forward.
     
  6. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    write an email in plain language:

    that you agree to pay x % amount from the sale of domain name.com if sold for X amount within x number of days.

    state that if accepted, this agreement is binding for the duration of the agreement according to terms stipulated.

    imo....
     
  7. Furgen

    Furgen Established Member

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    Yes well, some want a little more than a napkin agreement :)
     
  8. promo

    promo Member

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    Well Biggie gave you a perfectly workable way of forming a contract. If you want added security, print the email and have both parties sign it physically.

    This is a pretty informal industry that works on gentlemen agreements. When that is said any contract that lays out the specific terms and is agreed upon by all parties is valid. Even if its written on a napkin.

    I broker domain names, but the only contracts I do are made as Biggie lays out.
     
  9. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    it's not rocket science!


    as @promo mentioned, it's basically a gentleman's' or ladies agreement , between two parties.

    the more complicated you try to make it, the more difficult for both parties to understand.

    imo....
     
  10. Furgen

    Furgen Established Member

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    I've done plenty of business by handshake over the years but when there is a fair amount of money involved, you really cannot go my faith :). No, it's not rocket science and no, I'm not looking to make things more complicated than they should be but things can get ugly too quickly.

    And, as I mentioned, the other party wants something a little more formal. I thought this might be the best place to ask. Anyhow, guess I've asked in the wrong place. I'll find my solution on the net or through a lawyer then.

    Thanks much.
     
    Last edited: Oct 31, 2016
  11. domainsonmain.com

    domainsonmain.com Domains On Main - Main Street worthy Domains

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    Just create a LibreOffice or Word document in the manner that was mentioned above if you want it to be "more formal".

    The landlord I work for pretty much does it in this manner. Nobody knows the difference. Nobody cares. It looks "formal".

    If you want, create Bold and/or bigger font sizes for the domain name and italics for certain places where you see fit. Use the underscore for the line to sign on.
     
  12. promo

    promo Member

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    As I read it you want a nice letterhead and legal speak in your contract. Then you probably need to pay someone in the legal industry to try and convolute your contract for you. We can not offer you a cut and paste one.

    My point (and others as well) was that a self made contract is just as valid as one with legal jargon in it.
     
  13. Furgen

    Furgen Established Member

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    Got it and thanks to all for the feedback. I'll just make something up based on the basics that we should agree on etc. It should be pretty straight forward but wondered if someone might have something already to make sure I don't miss any vital points that could become argument later.

    Thanks again.
     

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