Go to navigation Go to content
Toll-Free: (888) 497-3410
Phone: 516.791.5700
Law Offices of Jonathan M. Cooper

WSJ Notes Trend Toward Finder's Fee Agreements - Instead of Broker's Agreements


Blog Category:
1/1/2016
Comments (0)

In an article entitled "Finders Play Matchmaker, For a Fee," which appeared in the August 27 edition of the Wall Street Journal, it was noted that there seems to be an increasing trend of sellers offering a finder's fee rather than the more traditional broker's fee in an effort to move their properties or businesses. And apparently, these sellers have met with some success. These agreements are fraught with peril, at least under New York law, however. In particular, as noted in "How to Prove a Finder's Fee Agreement Under New York Law," a Long Island, New York trial court recently held that €œNew York'€™s Statute of Frauds applies to finders and their agreements to provide finding services, which means that finders must memorialize their agreements to find in writing to be enforceable."



Category: General

Labels:

There are no comments.

Post a comment

Post a Comment to "WSJ Notes Trend Toward Finder's Fee Agreements - Instead of Broker's Agreements"

To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."

Name:*

Email:* (will not be published)

Message:*

Notify me of follow-up comments via email.