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A finder's fee is a payment received for referring work to others, based on a legal agreement that grants a percentage of their billable fees. To set up a finder's fee agreement, initiate a conversation with the relevant vendor to offer them business that you can't handle, suggesting the establishment of a finder's fee contract. If they agree, collaborate with a lawyer or use downloadable contracts to outline the agreement's terms, including the percentage (typically between 10 and 20%), payment frequency (monthly, quarterly, or yearly), and the duration of the agreement. If they decline, seek another vendor willing to engage in this arrangement.