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Simple English definitions for legal terms

finder's-fee contract

Read a random definition: waveson

A quick definition of finder's-fee contract:

A finder's-fee contract is an agreement between two parties where one person helps the other find a business opportunity. The finder gets paid a fee for their help. It's like a reward for finding something valuable.

A more thorough explanation:

A finder's-fee contract is an agreement between two parties where one party, known as the finder, helps the other party find a business opportunity. In return, the finder receives a fee or commission for their services.

Example 1: John is a real estate agent who helps his client, Sarah, find a new home. Sarah agrees to pay John a finder's fee of 3% of the total cost of the home for his services.

Example 2: Jane is a recruiter who helps a company find a new employee. The company agrees to pay Jane a finder's fee of $5,000 for her services.

These examples illustrate how a finder's-fee contract works. In both cases, the finder provides a valuable service by helping the other party find what they are looking for. In return, the finder receives a fee or commission for their efforts.

finder of fact | fine

General

General chat about the legal profession.

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shaquilleoatmeal

19:49

Better to be prepared than not, otherwise it always happens when you don’t prep

shaquilleoatmeal

19:50

Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan

shaquilleoatmeal

19:50

Said no one works after Monday this week and no one works week of Christmas

shaquilleoatmeal

19:50

So holiday takes time away from app review

snow

19:54

True @shaq and do it jumpy!!

madollyy

20:06

Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)

snow

20:08

Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for

snow

20:08

Your*

snow

20:08

You got this! :)

madollyy

20:09

thank you snow <3

Dkk

20:15

@madollyy: use LSAT Demon!

Dkk

20:16

Watch their youtube channel too

madollyy

20:23

Would an internship through CHCI help my application as well?

Dkk

20:29

@madollyy: It would help as a soft but the big focus should be GPA while you can and LSAT right now. I would say GPA is 40% of the app, LSAt 50% and everything else 10%.

snow

20:31

I agree with dk ^

madollyy

20:31

Got it, thank you. I don't think there is much I can do for my GPA now since I only have 1 semester left for ug but I definitely will be studying my butt off for the LSAT.

Dkk

20:32

Nice!

madollyy

20:32

I really appreciate your advice, guys <3 Wishing you luck on your endeavors!

JumpySubsequentDolphin

20:32

@madollyy: is that your CAS GPA?

madollyy

20:33

That's what's on my transcript! I haven't done that one yet tbh. I get mostly A's, some B's. Got dragged down a bit too much from one D in my first semester though ><

JumpySubsequentDolphin

20:34

do you have any A+’s? that could help your gpa!

JumpySubsequentDolphin

20:36

bc LSAC recalculates A+ to 4.3

madollyy

20:39

Noo :( Unfortunately. I'm surprised that I don't, there were definitely some classes that I remember scoring 98-100% but it doesn't show on my transcript

madollyy

20:41

Acutally

madollyy

20:41

My university does not list A+

JumpySubsequentDolphin

20:42

yeah my university’s the same way, so frustrating! still a great GPA and with a killer LSAT score you’ll be good to go :)

JumpySubsequentDolphin

20:42

if you have the means, I’ve heard private tutoring is the way to go

madollyy

20:44

Fingers crossed! I mean I'd be so so glad to go to law school period, but I am a bit of an overachiever. Dream is Berkeley rn, but I'm of course happy to go anywhere that lines up with my plans. And is kind enough with scholarships lol

madollyy

20:44

I'll have to see if my parents are willing to support that. I'm living on my own but ik if it'd help me they'd be willing to help

JumpySubsequentDolphin

20:47

who knows, you might not even need a tutor! Take a diagnostic and see where you stand :)

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