Agreed Terms
Interpretation
The following definitions and interpretative guidelines apply to this agreement:

Definitions:

• "Business Day": Any day excluding Saturdays, Sundays, and public holidays in England, during which banks in London conduct regular business operations.

• "Commencement Date": The starting date of this agreement.

• "Finder’s Fee": A fee that must be fully paid through the provided payment link.

• "Full Property Details": Comprehensive information about the property, usually provided in a PDF format, including details of the instructed agent or landlord.

• "Packaged Deal": The property accompanied by its Full Property Details.

• "Property": The specific property described within this agreement.

Headings: Section titles are for reference purposes only and do not affect the interpretation of the agreement.

Successors and Assigns: This agreement is binding upon and benefits the parties involved, as well as their successors, personal representatives, and permitted assigns. References to a party include these representatives and assigns.

Legislative References: References to laws or legislative provisions include any amendments, extensions, or re-enactments made over time.

Subordinate Legislation: Any reference to legislation includes applicable subordinate laws enacted periodically.

Writing: References to "writing" encompass emails but exclude faxes.

"Including": Phrases such as "including," "in particular," and similar terms are illustrative and do not restrict the broader interpretation of preceding terms.

Clauses: Any reference to clauses pertains to sections within this agreement.

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Obligations of the Sourcer

1. Packaged Deal Delivery: The Sourcer agrees to provide the Investor with the Full Property Details no later than three working days after the Commencement Date.

2. Acting in Good Faith: The Sourcer must act in good faith at all times but will not be held accountable for any inaccuracies or errors in the information provided.

3. Role Clarification: The Investor acknowledges that the Sourcer functions solely as a deal introducer and is not an agent for the Investor or the property vendor.

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Obligations of the Investor

1. Good Faith: The Investor is required to act in good faith toward the Sourcer at all times.

2. Due Diligence:

   • The Investor is responsible for conducting all necessary due diligence to ensure the Property meets their needs.

   • The Investor confirms that they have evaluated their financial capacity to secure funding for acquiring the Property and covering related fees.

3. Information Provision:

   • The Investor must provide the Sourcer with any requested documentation or information.

   • The Investor must comply with any due diligence procedures requested by the Sourcer or third parties.

 

Finder’s Fee

1. Entitlement: The Sourcer is entitled to a Finder’s Fee for introducing the Investor to the Packaged Deal.

2. Taxation: The Finder’s Fee excludes VAT, which the Investor must pay upon receiving a valid VAT invoice, if applicable.

3. Payment Deadline: The Finder’s Fee must be paid on the Commencement Date via a bank account nominated by the Sourcer.

4. Cooling-Off Period:

   • The Investor has 14 days from the Commencement Date to request a refund, provided they have not acted to acquire the Property or disclosed its details.

   • If the Investor violates these terms after requesting a refund, they forfeit the refund entitlement and must return any refunded amounts within five business days.

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Confidentiality

1. Non-Disclosure: Both parties must keep all business-related information confidential during the agreement and for five years afterward.

2. Exceptions: Confidential information may be shared:

   • With personnel requiring access to fulfill obligations under this agreement.

   • As mandated by law or regulatory bodies.

3. Return of Materials: Any confidential documents shared by the Sourcer must be returned to the Investor upon agreement termination.

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Compliance

1. Legal Adherence: Both parties must adhere to all relevant laws and regulations applicable to their activities.

2. Anti-Money Laundering: The Investor must promptly provide any information required to comply with the Money Laundering Regulations 2017 or related checks.

Anti-Bribery

1. Compliance: The Sourcer must comply with anti-corruption laws, including the Bribery Act 2010.

2. Associated Persons: The Sourcer ensures that any associated persons comply with equivalent anti-bribery obligations.

Limitation of Liability

1. Unlimited Liability: Liability exclusions do not apply to unlawful acts.

2. Limitations:

   • Neither party is liable for loss of profit, goodwill, or indirect damages.

   • Liability for other losses is capped at the Finder’s Fee amount.

Termination

1. Termination Rights: Either party may terminate the agreement immediately if the other:

   • Commits an irreparable breach.

   • Becomes insolvent or ceases business operations.