If, at any time and for any reason, a rejected sub-introducer becomes directly or indirectly a TPL introducer, all costs due to introductions by that sub-introducer shall be considered imported under this Agreement. This introductory agreement may be established in such a way as to operate on a fixed or percentage basis, with payment at the time of the introduction itself, at the time of the first transaction or both. At LCN Legal, we are often involved in projects in which importers play a crucial role. Many of these projects involve very large sums of money and it is obvious that importers are rewarded for their efforts. Often, this reward takes the form of a commission, introductory fee or fundraising fee that can only be paid if the project progresses. This agreement has not been drawn up in accordance with the rules of the FSA or the Financial Services and Markets Act 2000 and therefore does not contain any reference or obligation to comply with it. This agreement is therefore not suitable for the introduction of clients for financial services such as insurance products or investment advice. If you need more help creating a custom model introduction agreement or a confidentiality and non-circumvention agreement, please call us on +44 20 3286 8868 or email us at info@lcnlegal.com. 1. Miss the possibility of entering into an agreement on introductory fees The pricing clause can be arranged in such a way that it effectively functions as a No Win-No Fee agreement, under which the importer is not entitled to a royalty in the absence of an agreement between the supplier and a potential customer. If you need an agreement that creates a principleal-agent relationship, you should use one of the agency agreements available through the document links below. The best contract in the world won`t help you if you signed it with the wrong person.
For example, if you sign an introductory agreement with another intermediary in a chain of intermediaries, your right to payment is as strong as the weak link in that chain. The strength of a particular bond depends on two factors: the terms of the contract and the financial capacity of the paying party. If your contract is with a company that has no assets and only an indirect link to the project, your costs are threatened. . . .