Legal Question in Business Law in District of Columbia
Hi,
i want to connect a business in need of financing, to a venture capitalist,
i have been told brokerage for such agreements is usually 1% of the total value of the agreement,
what is the best way forward, i have already identified both businesses in need of the funding, and the venture capitalist, but am reluctant to share their contact details, since they might not need me, after, they contact each other directly
thanks
Cavin
1 Answer from Attorneys
AS a franchise attorney I recommend you develop an agreement for the parties to sign with you. Probably two agreements: one between you and the business and another between you and the venture capitalist. After they've signed the proper agreements, then you can put them together. But consult with a good business or franchise attorney in your area for specific advice in developing and wording these agreements.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Attorney
Franchise Foundations APC