partnership finders fees

[Ricky Davidson]

I am about to enter into a partnership and came across a clause in the agreement on finders fees.  Is a 1-3% finders fee normal in a 2 person partnership where one person is bringing the cash needed while the other person is bringing the financing and property to the table?

[Jeff Greenberg]

Everything is negotiable.  All three of the pieces of the puzzle are important.  You did not mention what the split will be without the finders fee.  If it is 50/50 then maybe the finders fee is already figured into the split and not appropriate.  On the other hand, if the split is not even, then the fee may be appropriate.