Finder's fee

This article is about the business practice. For the 2001 film, see Finder's Fee (film).

In the United States, a finder's fee is the compensation given to an intermediary in a business transaction. Usually, there is a causal relationship between the one party and the intermediary (the finder), another relationship between the finder and the second party, and the two parties of the transaction would not have met if it were not for the work of the finder. Such compensation is common in business and is regulated by contractual agreements and law in the United States.[1] A finder's fee can also be a gift from one party of the transaction, who feel morally obligated that the profits of the transaction be shared with the finder for making that transaction possible.[2]

The term is sometimes used in the context of criminal activity; for example, convicted sex offender Jared Fogle reportedly offered a finder's fee to an adult escort if she helped him find underage girls. [3]

References

  1. ↑ www.findarticles.com
  2. ↑ www.businessweek.com
  3. ↑ "NEWLY RELEASED JARED FOGLE TEXTS SHOW HE'S AN EVEN BIGGER CREEP THAN YOU THOUGHT".
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