Do You Know the Difference between a Finder and a Broker? Your Right to be Paid Could Depend on It

October 4, 2017

You may have had a friend try to introduce you to a company looking for investors for a private offering or a PIPE transaction (private investment in public equity).  Maybe you were even the person doing the introducing.  If so, the issuer might have promised to pay you a commission.  What happens when your prospect … Continue reading Do You Know the Difference between a Finder and a Broker? Your Right to be Paid Could Depend on It

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NY Statute of Frauds Bars Enforcement of an Oral Agreement to Pay a Finder of a Business Opportunity

July 19, 2017

It is not uncommon for a person to act as a finder and receive compensation for presenting a business opportunity to a businessperson.  The two might agree the finder will receive a cash fee or perhaps a percentage of revenue derived from the opportunity.  Sounds great!  The businessperson has a chance to make money from … Continue reading NY Statute of Frauds Bars Enforcement of an Oral Agreement to Pay a Finder of a Business Opportunity

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