Get it in Writing or Else! Business Broker or "Finder's" Agreements
JD Supra: Mergers
NOVEMBER 1, 2023
The economy relies on brokers to connect parties with mutual business interests and needs, whether it is the sale of real estate, procurement of insurance, or joint investment. The broker plays a very important role in connecting these parties, but she also takes on substantial risk that once the parties are connected, the broker will be forgotten, leaving the parties to conduct their business without paying a “finder’s fee” to the broker for initiating the relationship.