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A finder's fee is a payment for referring work to others, based on a legal agreement to receive a percentage of their billable fees. To set up a finder's fee agreement, initiate a conversation with the vendor about business opportunities you can't handle. If they agree, consult a lawyer or use downloadable contracts to outline the agreement's terms, including the percentage you'll receive (typically 10-20%), the payment frequency (monthly, quarterly, or yearly), and the duration of the agreement. If the vendor isn't interested, seek another willing partner.
