Typically we will agree to provide a limited amount of time to perform search activities on a success-fee basis, payable only if a target is ultimately acquired. If the search process goes beyond this time, at the Client’s option, the search can be extended on a day-rate basis. If support is required beyond a simple introduction to cover analysis, valuation, negotiation, heads of terms, and management of legal stages etc we normally charge on a day-rate basis. Depending upon the size of the success fee, some of the charges paid on a day-rate basis may be deductible from the success fee.
We are always amenable to discussing alternative fee structures.