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Finders fees are payments for referring work to others, structured as a legal agreement that allows you to earn a percentage of the referred project's billable fees. To establish a finders fee agreement, initiate a conversation with the vendor to discuss forwarding business they wouldn't otherwise find. If they agree, you can proceed to outline the terms with a lawyer or use online contract templates. Key elements of the contract include the payment percentage (typically 10-20%), the payment frequency (monthly, quarterly, or yearly), and the duration of the agreement. If the vendor declines, seek another candidate willing to engage in the arrangement.
