The Bird Dog Agreement form is a contractual document utilized by individuals in the real estate sector, namely buyers or sellers and a consultant, to outline the terms of services provided by the consultant. These services often include locating, referring, and contacting potential real estate opportunities. As these agreements lay the foundation for a professional relationship, defining responsibilities, payments, and confidentiality, it is crucial for parties involved to thoroughly understand and accurately complete the form. To ensure you're starting on the right foot, click the button below to fill out your Bird Dog Agreement form accurately.
In real estate transactions, the Bird Dog Agreement form plays a critical role by establishing a formal relationship between a consultant, often referred to as a "Bird Dog", and their client, who can be either a buyer or a seller of property. This agreement, effective from a specified date, outlines the terms under which the consultant will provide real estate locator, referral, and contact services. The terms include a detailed description of services, the independence in the performance of these services, payment details which can either be a percentage of the transaction proceeds or a flat fee, and the duration of the agreement which ends upon the completion of the services. Furthermore, this form delineates the independent contractor status of the consultant, emphasizing that no employee benefits shall be provided by the client. Confidentiality clauses protect proprietary information from being improperly disclosed, and the agreement stipulates measures in case of unauthorized disclosure. Provisions for amending or terminating the agreement, the handling of notices, and the applicability of state laws ensure clarity and legal enforceability of the contract. It's important for users of the Bird Dog Agreement to understand that while the form provides a structured framework for engaging consultant services in real estate deals, it should not substitute for legal advice and must be used judiciously to manage risks associated with property transactions.
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Bird Dog Agreement
This Agreement is made effective as of ____________, 20__, by and between
____________________________(“hereinafter “Buyer” or “Seller” [circle one]),
of______________________________________, and__________________________,
of______________________________________.
In this Agreement, the parties who are contracting to receive services shall be referred to as the "Seller" or the "Buyer" [circle one], and the party who will be providing the services shall be referred to as the "Consultant". The Seller and/or the Buyer desire to have services provided by the Consultant. Therefore, the parties agree as follows:
1.DESCRIPTION OF SERVICES. Beginning on ____________________, 20__, the Consultant will provide the following services (collectively, the "Services"): a real estate, locator, referral and contact service.
2.PERFORMANCE OF SERVICES. The Consultant shall determine the manner in which the Services are to be performed and the specific hours to be worked by the Consultant. The Seller and/or the Buyer will rely on The Consultant to work as many hours as may be reasonably necessary to fulfill the Consultant's obligations under this Agreement.
3.PAYMENT. The Seller, through the Buyer, will pay a locator, referral and/or contact fee to the Consultant for the Services equivalent to $______________ (_______%) of the total proceeds derived from the sale and/or purchase of the certain property located, referred and/or contacted as requested by Seller and/or Buyer, or a flat fee in the amount of $_______________ for services as described in Paragraph 1 above. All fees due to Consultant shall be payable in a lump sum upon completion of the Services unless otherwise further negotiated between the Seller and/or the Buyer and the Consultant. Upon termination of this Agreement, payments under this paragraph shall cease; provided, however, that the Consultant shall be entitled to payments for periods or partial periods that occurred prior to the date of termination and for which the Consultant has not yet been paid.
4.TERM/TERMINATION. This Agreement shall terminate automatically upon completion by the Consultant of the Services required by this Agreement.
5.RELATIONSHIP OF PARTIES. It is understood by the parties that the Consultant is an Independent contractor with respect to each, and not an employee of either. Neither the Seller’s and/or Buyer's business shall provide fringe benefits, including health insurance benefits, paid vacation, or any other employee benefit, for the benefit of the Consultant under this Agreement.
6.EMPLOYEES. The Consultant's employees, if any, who perform services for the Seller and/or Buyer under this Agreement, shall also be bound by the provisions of this Agreement. At the request of either the Seller or the Buyer, the Consultant shall provide adequate evidence that such persons are the Consultant's employees.
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7.CONFIDENTIALITY. The Business recognizes that The Consultant has and will have the following information:
- Prices - Costs
- Future plans
- Business affairs and other proprietary information (collectively, "Information") which are valuable, special and unique assets of the Seller and/or the Buyer and need to be protected from improper disclosure. In consideration for the disclosure of the Information, the Consultant agrees that the Consultant will not at any time or in any manner, either directly or indirectly, use any Information for the Consultant's own benefit, or divulge, disclose, or communicate in any manner any Information to any third party without the prior written consent of the Seller or the Buyer. The Consultant will protect the Information and treat it as strictly confidential. A violation of this paragraph shall be a material violation of this Agreement.
8.UNAUTHORIZED DISCLOSURE OF INFORMATION. If it appears that The Consultant has disclosed (or has threatened to disclose) Information in violation of this Agreement, The Seller and/or the Buyer shall be entitled to an injunction to restrain the Consultant from disclosing, in whole or in part, such Information, or from providing any services to any party to whom such Information has been disclosed or may be disclosed, notwithstanding that this Agreement is not exclusive to the Seller and or the Buyer, and the Consultant shall be allowed to use such confidential information under identical agreement with any other third party who may be interested in purchasing the Seller's and/or selling to the Buyer up to and until the time the Seller and/or the Buyer have entered into their agreement(s) to consummate a financial transaction. The Seller and/or the Buyer shall not be prohibited by this provision
from pursuing other remedies, including a claim for losses and damages.
9.CONFIDENTIALITY AFTER TERMINATION. The confidentiality provisions of this Agreement shall remain in full force and effect after the termination of this Agreement.
10.NOTICES. All notices required or permitted under this Agreement shall be in writing and shall be deemed delivered when delivered in person or deposited in the United States mail, postage prepaid, addressed as follows:
IF for The Seller and/or The Buyer:
______________________________________________________________________
Address:_______________________________________________________________
Print: _______________________________________
Date:___________________________
IF for The Consultant:
Such address may be changed from time to time by either party by providing written notice to the other in the manner set forth above.
11.ENTIRE AGREEMENT. This Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Agreement supersedes any prior written or oral agreements between the parties.
12.AMENDMENT. This Agreement may be modified or amended if the amendment is made in writing and is signed by all parties.
13.SEVERABILITY. If any provision of this Agreement shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
14.WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any provision of this Agreement shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.
15.APPLICABLE LAW. This Agreement shall be governed by the laws of the State of
______________________.
Party receiving services:
___________________________ [ Buyer Seller]
By: ____________________________________________________
Name: ___________________________
Phone: ___________________________
Phone: ___________________________ (Mobile)
Party providing services:
___________________________ Consultant
Filling out a Bird Dog Agreement form is a crucial step for parties interested in a real estate transaction where one party, the Consultant, is engaged to provide specific services such as locating, referring, or contacting potential real estate opportunities. This form outlines the terms and conditions under which these services will be rendered, including service descriptions, payment agreements, confidentiality clauses, and the relationship between the involved parties. Following the steps correctly ensures that all parties are on the same page and legally protected as they move forward in their real estate endeavors.
It's important to remember that this form, like all legal documents, requires careful attention to detail. Ensure that all information is accurate and reflects the agreed terms between the parties. Consultation with a legal professional is advised to guarantee that the rights and obligations of all parties are adequately protected and that the agreement complies with applicable laws.
What is a Bird Dog Agreement?
A Bird Dog Agreement is a contract between a consultant (sometimes referred to as the "bird dog") and a buyer or seller in the real estate market. This arrangement involves the consultant locating properties and providing referrals or contact services in exchange for a fee. The consultant operates independently, determining the methods and hours for performing these services, with compensation tied to the successful conclusion of a real estate transaction facilitated through their efforts.
How is the consultant paid under a Bird Dog Agreement?
The consultant's payment can be structured in two ways: as a percentage of the total proceeds from the sale or purchase of a property or as a flat fee for services provided. The exact amount and terms of payment are agreed upon by the parties and noted in the agreement. Payment is made in a lump sum after the completion of services unless otherwise negotiated.
What defines the term of the Bird Dog Agreement?
The agreement remains effective until the consultant has completed the agreed-upon services. Upon completion, the agreement terminates automatically. This term ensures that the consultant is motivated to fulfill their obligations promptly to receive payment.
Is the consultant considered an employee of the buyer or seller?
No, the consultant is considered an independent contractor, not an employee of the buyer or seller. This distinction means that the consultant is not eligible for employee benefits, such as health insurance, paid vacation, or other fringe benefits, under this agreement.
What happens if the consultant discloses confidential information?
The agreement outlines strict confidentiality provisions, prohibiting the consultant from using or disclosing any proprietary information without prior written consent. If the consultant breaches these terms, the buyer or seller may seek an injunction to prevent further disclosure and pursue other remedies, including claims for losses and damages.
Do confidentiality obligations continue after the termination of the agreement?
Yes, the confidentiality provisions outlined in the agreement continue to apply even after the contract has ended, ensuring that proprietary information remains protected indefinitely.
Can the Bird Dog Agreement be amended?
Yes, the agreement can be modified, but any amendments must be made in writing and signed by all parties involved. This provision ensures that all changes are mutually agreed upon and documented formally.
What law governs the Bird Dog Agreement?
The agreement is governed by the laws of the state specified within the contract. This designation clarifies the legal framework and jurisdiction in which any disputes or issues related to the agreement would be resolved.
One common mistake made when filling out the Bird Dog Agreement form is the incorrect identification of the parties involved. The form requires the user to specify who is the Buyer and who is the Seller by circling one option. However, it's not uncommon for individuals to skip this step or mistakenly identify the wrong party. This error can lead to confusion about the roles of each party and the obligations they are bound to under the agreement.
Another area often filled out incorrectly is the description of services section. The form allows for a detailed explanation of the services the Consultant will provide, such as real estate, locator, referral, and contact services. Failing to clearly specify these services can result in misunderstandings between the parties about what is expected from the Consultant's role. It's crucial that this section is completed with enough detail to avoid ambiguity and ensure both parties have the same expectations.
A frequent oversight is the failure to properly document the payment terms. The agreement outlines different payment structures, including a percentage of the total proceeds or a flat fee. It's essential to clearly state the chosen payment method and the specific amount to prevent disputes regarding compensation. Additionally, it is vital to note any negotiated modifications to the standard payment terms within the agreement to ensure all parties are aware of the agreed-upon terms.
Last but not least, the confidentiality clause is often underestimated. This section requires the Consultant to agree not to use or disclose proprietary information without prior written consent from the Seller or Buyer. The importance of this clause is sometimes overlooked, and parties may fail to enforce or follow through with these terms strictly. Ensuring this clause is clearly understood and agreed upon is critical to protecting the interests and proprietary information of all parties involved.
When engaging in real estate transactions, particularly in roles defined by a Bird Dog Agreement form, parties often find themselves in need of additional forms and documents. These documents ensure a comprehensive approach to property finding, buying, and selling while protecting the interests of all involved. Below is a list of forms and documents frequently used alongside the Bird Dog Agreement form, each serving a specific purpose in the realm of real estate transactions.
Understanding and properly using these forms and documents can significantly enhance the efficiency and legality of real estate transactions. Each document serves as a building block in creating a solid and mutually beneficial agreement between the parties involved. When used in conjunction with a Bird Dog Agreement, they provide a framework that supports clear communication, legal compliance, and the protection of all parties' interests throughout the property finding and acquisition process.
The Bird Dog Agreement form closely resembles a Consulting Agreement, which is used when a business wishes to hire a consultant to provide expert advice or services. Both agreements clearly define the relationship between the parties involved as either consultant and client or buyer and seller, and both outline the nature of services to be provided. Similar to the Bird Dog Agreement, a Consulting Agreement often stipulates payment terms, confidentiality, and the termination process, ensuring that the consultant acts in the best interest of the hiring party.
Another document similar to the Bird Dog Agreement is the Referral Agreement. This document is utilized when an individual or company agrees to refer potential clients or customers to another business in exchange for a fee or commission. The Bird Dog Agreement also incorporates elements of this, as it involves referral and contact services for real estate transactions, promising the "Consultant" a fee for successful referrals, much like a Referral Agreement would.
A Freelance Agreement is a third document that shares similarities with the Bird Dog Agreement by laying out the terms under which an independent contractor provides services to a client. Both documents underscore the independence of the service provider from the client's business, detail service descriptions, payment arrangements, and stress the non-employee status of the contractor, emphasizing a clear-cut distinction between parties involved.
The Bird Dog Agreement has elements in common with a Non-disclosure Agreement (NDA) as well. Both agreements contain clauses aimed at protecting sensitive information and preventing the unauthorized sharing of confidential data. Through these provisions, both parties agree to maintain confidentiality on specified matters, with the Bird Dog Agreement specifically safeguarding proprietary information related to real estate deals.
Similar to a Sales Representative Agreement, the Bird Dog Agreement outlines the terms under which an individual or entity acts in a capacity to identify and secure potential sales opportunities. While a Sales Representative Agreement focuses on selling products or services, the Bird Dog Agreement concentrates on identifying real estate opportunities. Nonetheless, both documents govern the relationship and compensation for services rendered.
An Independent Contractor Agreement is another document closely aligned with the Bird Dog Agreement as it specifies the terms whereby an individual or company provides services to another entity under a contract. Both documents clearly articulate the nature of the contractual relationship, responsibilities, compensation, and the parties' mutual understanding that the contractor operates independently from the client's business operations.
The Commission Agreement is somewhat akin to the Bird Dog Agreement, particularly in how it structures compensation for services. While Commission Agreements are used across various industries to outline the terms for receiving commission-based payments, the Bird Dog Agreement applies specifically to real estate referrals, offering a fee, which can be a percentage of the transaction or a flat rate, similar to general Commission Agreements.
Service Level Agreements (SLAs) also share similarities with the Bird Dog Agreement, primarily in establishing expectations for service provision. Although SLAs are generally more technical and detail-oriented, focusing on the quality and standards of service delivery, the Bird Dog Agreement similarly sets expectations for the locational, referral, and contact services in real estate transactions.
A Memorandum of Understanding (MOU) shares conceptual similarities with the Bird Dog Agreement, in that both are preparatory steps towards a formal relationship or deal. MOUs are used to outline the intentions of two parties before sealing a formal agreement, much like the Bird Dog Agreement sketches out the preliminary understanding between a buyer/seller and a consultant regarding real estate referrals.
Lastly, the Bird Dog Agreement resembles a Contractor Agreement, which is more broadly used across various sectors for engaging independent contractors. Both agreements detail the work to be done, payment, and confidentiality, but the Bird Dog Agreement specifically focuses on real estate referrals, distinguishing it by its specialized nature within the realm of contractual agreements.
When filling out the Bird Dog Agreement form, it is important to adhere to a specific set of do's and don'ts to ensure the agreement is legally binding and serves its intended purpose. Below are essential guidelines to follow:
Misconceptions about the Bird Dog Agreement form can lead to confusion and improper usage. Here's a look at common misunderstandings and clarifications:
Understanding these aspects of the Bird Dog Agreement can result in more informed decisions and smoother dealings in real estate transactions.
When it comes to filling out and using the Bird Dog Agreement form, there are key takeaways that can help ensure a smooth process. This list highlights essential aspects that parties involved should keep in mind:
Having these points in mind can help in navigating the use of the Bird Dog Agreement form effectively, ensuring that both parties are clear about their rights, responsibilities, and the nature of their professional relationship. While this form can provide a solid foundation for business dealings, consulting with a legal professional for personalized advice is always recommended for the best outcomes.
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