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Finders fees are payments for referring clients to others, typically structured as a legal agreement that entitles the referrer to a percentage of the billable fees generated from the referred project. To establish a finders fee agreement, initiate a conversation with the vendor about the work you wish to forward. If they agree, proceed to draft a formal contract, which can be done with legal assistance or through downloadable templates. This contract should specify the percentage of the fee (usually between 10-20%), the payment schedule (monthly, quarterly, or yearly), and the duration of the agreement. If the vendor declines, seek out others who may be interested.
