Business Development Fee Clause Samples
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Business Development Fee. In the case of any business development transaction by the Client, including but not limited to a sales contract, joint venture, distribution agreement, licensing agreement, or other similar business development transaction consummated by the Client or its subsidiaries within two (2) years from the termination of this Agreement, with a party that was introduced to Client by Financial Adviser during the term of this Agreement, the Client shall pay to the Adviser a mutually agreed-upon fee of what is commercially customary for a Business Development Fee. This fee shall not apply to any party identified by the Client on a schedule to be provided contemporaneously to Financial Adviser with execution of this Agreement. The “Business Development Fee” may be comprised of some of the following fees:
a. A Finder’s Fee equal to __5%___ of the total gross funding provided by any equity purchaser payable to Client that is the result of the introduction and consummation of a transaction between the Client and a company, not already having a preexisting relationship with the Client, introduced by the Financial Advisers to the Client. Company agrees that said fee will be paid in full within five (5) days of the close of the transaction.
b. A Placement Fee equal to ___10___ % of Placement Consideration (as defined below) payable in connection with the Private Placement at the closing, and/or any follow-on closings.
c. A Partnership Transaction Fee equal to ___5___% of Designated Consideration (as defined below) payable in connection with a Transaction at the closing of the definitive agreements for each phase thereof, provided that compensation attributable to that part of Designated Consideration which is contingent upon the realization of future financial, product, regulatory, business or other specific performance shall be paid by the Client to Financial Adviser promptly upon the receipt of such Designated Consideration;
Business Development Fee. Sears shall pay Licensee the business development fee ("Business Development Fee") set forth on Schedule 6.1 on the Effective Date. Licensee acknowledges that the entire Business Development Fee shall be used solely for the purpose of reimbursing Licensee for expenses incurred as of the Effective Date for the development, operation and marketing of the Licensed Business and the Authorized Products under Release 1.0.
Business Development Fee. ▇▇ ▇▇▇▇▇ agrees to pay Sourcing Alliance three percent (3%) (the “Business Development Fee”) of each of the first three (3) year’s Spend of any existing Sourcing Alliance Member approved as a Prospective Participant as jointly agreed to by the Parties and listed in Appendix I who becomes a Program Participant and converts from buying Products & Services from Sourcing Alliance’s existing office supplies Supplier Partner to ▇▇ ▇▇▇▇▇. Such Member must enter into a Customer Agreement with ▇▇ ▇▇▇▇▇ with a minimum three (3) year term. ▇▇ ▇▇▇▇▇ shall remit any Business Development Fees due based on the prior calendar year’s Spend subject to the Business Development Fee calculation within forty-five (45) days after the end of the prior calendar year. For example, if a Member who had been purchasing Products & Services from Sourcing Alliance’s existing office supplies Supplier Partner begins purchasing Products & Services from ▇▇ ▇▇▇▇▇, enters into a three (3) year Customer Agreement with ▇▇ ▇▇▇▇▇, and purchases and pays for $100,000 of Products & Services from ▇▇ ▇▇▇▇▇ during the first calendar year of that Participant’s Customer Agreement with ▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ would remit to Collaborent a Business Development Fee of $3,000 by February 14th of the following calendar year.
Business Development Fee. The Company shall pay the Investor an annual fee of $9,983 (such amount to be adjusted annually hereafter on each anniversary of the date of this Agreement to reflect the percentage increase from March in the prior year in the Consumer Price Index for all Urban Consumers, Boston, Massachusetts Area, All Items, (1982-84 = 100)) for the general business and development services of the Investor Nominee Director. Such fee shall be payable quarterly in arrears.
Business Development Fee. In the case of any business development transaction by the Company including but not limited to a sales contract, joint venture, distribution agreement, licensing agreement, or other similar business development transaction, (“Business Development Fee or BDF”) consummated by the Company or subsidiaries, during the period ending two years from the termination of this Agreement in which the Advisor during the term of this Agreement introduced the other party to the Company, the Company will pay to the Advisor a fee equal to what is commercially customary for such BDF.