Finder's fee

Finder's fee

In the United States, a finder's fee is the compensation given to an intermediary in a business transaction. Usually, there is a casual 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 weren't for the work of the finder. Such compensation is common in business and is regulated by contractual agreements and law in the United States. [ [http://www.findarticles.com/p/articles/mi_qa3703/is_200207/ai_n9146286 www.findarticles.com] ] 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. [ [http://www.businessweek.com/smallbiz/content/sep2005/sb20050926_032511.htm www.businessweek.com] ]

A comparable practice exists in medicine, called "fee-splitting": if a cardiologist performs an angiogram and advises the patient to have a CABG operation, naming a specific cardiac surgeon, the surgeon can divide his/her fee with the referring cardiologist. Similarly, if a gastroenterologist performs a colonoscopy and finds a tumor that he/she is not licensed to remove, he/she can refer the patient to a surgeon who is so licensed. The surgeon can reward the referring doctor with a portion of the surgical fee.This cozy arrangement is generally illegal.

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • finder's fee — A fee charged by real estate brokers and apartment finding services in exchange for locating a rental property. These fees are permitted by law. Some landlords, however, charge finder s fees merely for renting a place. This type of charge is not… …   Law dictionary

  • Finder's Fee — A commission paid to an intermediary or the facilitator of a transaction. The finder s fee is rewarded because the intermediary discovered the deal and brought it forth to interested parties. Depending on the circumstance, the finder s fee can be …   Investment dictionary

  • finder's fee — noun a fee that is paid to someone who finds a source of financial backing or to someone who brings people together for business purposes the agency got a finder s fee when their candidate was hired as the new CEO • Hypernyms: ↑fee …   Useful english dictionary

  • finder's fee — Amount charged for bringing together parties to business opportunity (e.g., lender and borrower) or bringing issuer and underwriter together, or for performing other types of services described under finder supra. A finder s fee for a securities… …   Black's law dictionary

  • finder's fee — Amount charged for bringing together parties to business opportunity (e.g., lender and borrower) or bringing issuer and underwriter together, or for performing other types of services described under finder supra. A finder s fee for a securities… …   Black's law dictionary

  • finder’s fee —  Fee charged by an intermediary in a business transaction …   American business jargon

  • Finder's Fee (film) — Infobox Film name = Finder s Fee caption = Finder s Fee DVD cover director = Jeff Probst producer = Brad Van Arragon Katy Wallin Shawn Williamson eproducer = James Shavick aproducer = Jonathan Shore writer = Jeff Probst, from a story by Jim… …   Wikipedia

  • finder’s fee — / faɪndəz fi:/ noun 1. a fee paid to a person who finds a client for another (e.g., someone who introduces a client to a stockbroking firm) 2. a fee paid to a person who arranges a loan for someone, finds a property for someone to buy, etc …   Dictionary of banking and finance

  • finder's fee — A fee a person or company charges for service as an intermediary in a transaction. Bloomberg Financial Dictionary …   Financial and business terms

  • finder's fee contract — An arrangement by which an intermediary finds, introduces, and brings together parties to a business opportunity, leaving the ultimate negotiation and consummation of the business transaction to the principals. Equity Benefit Life Ins. Co. v.… …   Black's law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”