Full Deal Sourcing Agreement Section
Deal Sourcing Services, Deposits and Client Acknowledgement
The Company provides property deal sourcing services, including identifying, researching, analysing, and introducing potential property investment opportunities to the Client. These services may include market research, financial analysis, communication with agents or vendors, preliminary negotiation, and presentation of suitable opportunities that meet the Client’s stated criteria.
To commence the sourcing process, the Client agrees to pay a deposit toward the agreed deal sourcing fee. This deposit confirms the Client’s instruction for the Company to begin work and allocate resources to the sourcing process.
The Client acknowledges and agrees that:
- The deposit paid is non-refundable in all circumstances, as it represents payment for professional services already committed and undertaken by the Company.
- The sourcing process involves significant time, research, industry expertise, and commercial relationships that are deployed on behalf of the Client once engagement begins.
- The Company does not guarantee that a property purchase will be completed, as property transactions are subject to factors outside the Company’s control, including mortgage approvals, legal processes, surveys, vendor decisions, and market conditions.
- The Client retains full responsibility for conducting their own due diligence, obtaining independent legal advice, financial advice, and property inspections before entering into any legally binding transaction.
Fee Structure
The agreed deal sourcing fee structure will be outlined in writing and may consist of:
- an initial non-refundable deposit; and
- a balance payment payable upon acceptance or securing of a sourced opportunity.
Where the Client proceeds with a property introduced by the Company, whether directly or indirectly, within a period of twelve (12) months from the introduction date, the full sourcing fee shall remain payable.
Superseding of Prior Agreements
These Terms and Conditions constitute the entire agreement between the Client and the Company regarding deal sourcing services and override and replace any prior agreements, marketing representations, discussions, or informal arrangements made before the acceptance of these Terms.
No verbal statements or representations shall form part of the agreement unless expressly confirmed in writing within this documented section or by a formally executed amendment.
Acceptance of Terms
By paying the deposit, signing this agreement, or otherwise instructing the Company to begin sourcing activities, the Client confirms that they:
- have read and understood these Terms and Conditions;
- accept that the deposit is non-refundable; and
- agree to be legally bound by the provisions contained within this Agreement in accordance with the law in England & Wales.
