Finders Agreements In A State Of Flux

Law360, New York (July 13, 2011, 12:54 PM EDT) -- In light of today’s depressed capital markets, an increasing number of companies and funds are seeking the advice of third-party intermediaries for the purpose of raising capital or selling all or part of their business. These intermediaries, sometimes known as “finders,” normally have access to a wide ranging network of financial sources and often offer to facilitate fund raising in exchange for a fee.

The current legal framework does not clearly define what activities can be undertaken by finders and often finders are not registered with...
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