Question

Topic: Other

Company To Company Introduction Fee

Posted by cesar on 3/31/2013 at 2:40 AM ET 50 Points
Hi, I recently introduce and promote company A to company B. This companies end up in a successful business but the promised "introduction fee" hasn't been paid. Is there any law or rule which regulates this kind of business transactions? if no, is there any non-written rule for this?

Thanks
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RESPONSES

  • Posted by SteveByrneMarketing on 3/31/2013 at 3:08 AM Member
    No. Lesson learned, get contracts in writing.

    Or maybe, The law of which state or country? It's best to go to a "lawyer forum" to ask legal questions. Marketer's know as much about the lawyering as lawyer's know about marketing. Nothing you can count on.
  • Posted by cesar on 3/31/2013 at 4:35 AM Author
    Thanks Steve,

    Is between a GCC company and a US company. The supplier I've introduced is the US based company and the ones who commit with this fee.

    Thanks again
  • Posted by Jay Hamilton-Roth on 3/31/2013 at 8:51 AM Accepted
    Did you have any written communication that proves the agreement? If so, see a lawyer. If not, you're likely to have a hard time proving your case. To start with, see if you have a legally valid contract by reading: https://www.nolo.com/legal-encyclopedia/contracts-101-make-legally-valid-30...
  • Posted by cesar on 3/31/2013 at 9:19 AM Author
    Dear Jay,

    Thanks for your answer. I have several emails to proof that I've started the communication which end up in a successful business, even, the customer recognize that I did that job, but the verbal agreement was with the supplier.

    Regards
  • Posted by Gary Bloomer on 3/31/2013 at 10:40 AM Accepted
    Verbal agreements are not worth the paper they're written on.

    Sadly for you, if you have no written agreement that clearly spells out who will do what for whom, with X compensation for Y result you have no recourse under the law.

    Having been shafted a few years ago over a fee agreed on verbally that the client then balked at when the bill was presented, I speak from personal experience. I now offer you the same advice I
    was given after the fact: get something in writing and get it signed (and preferably, get it notarized
    as well).



  • Posted by Moriarty on 3/31/2013 at 4:37 PM Accepted
    I'm afraid you're going to have to let this one go. If they aren't willing to stand by their verbal agreement, learn from it - think of the kind of person they are and be much, much more careful next time. Like Gary, I have had customers back out of paying extras that were agreed on top of contracts - only not formally. So next time, only take a verbal contract with a client who has already proved themselves trustworthy.
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