Legal Question in Business Law in Rhode Island
Legal protections for finders fee situation?
A woman I work with and myself are in a postion to put together a company that her husband works for and a company that I used to work for to produce a nationwide computer network cable contract (300 sites, avg 12-15 computers each, though some sites have as many as 300 computers). This could turn out to be a 6- or 7-figure contract. At a finders fee of 5-10% we're talking fairly significant $$$. What kind of legal actions/precautions do I need to take in a situation like this?
1 Answer from Attorneys
Re: Legal protections for finders fee situation?
At the very least, you should have a contract with at least one of the parties, and preferably both. You should also consider additional compensation if the scope of the business exceeds that which is anticipated at this time. If you call me at 401-885-7200, we could set up an appointment to discuss the matter.
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