Case Study: Solomon V. Oneida

Law360, New York (February 11, 2010, 2:19 PM EST) -- Companies seeking to restructure their debts often enlist the services of investment bankers or financial advisers. The terms of engagement agreements between companies and investment bankers or financial advisers vary to fit the particular needs of the hiring company.

The typical engagement agreement provides for an exclusive engagement of an investment banker or financial adviser over either a specified period of time or for as long as the company requires the services, and specifies the amount and method of compensating the professionals.

In addition to flat...
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