A Finders Fee is much the same as a Referrer’s Agreement. It is used when a “Finder” or “Referrer” acts as a non-exclusive finder of buyers for the professional services of a Client.
This type of agreement is similar to an Agency arrangement although the Finder acts only in the capacity of facilitating an introduction or providing the sales lead. The finder is not involved in the transaction between the customer and the service provider. The service provider agrees to pay the “Finder” a fee for this service.
Go to Referrer’s Agreement which covers the arrangement where one party pays another for a “lead”. It defines how much is paid for the lead and under what circumstances.