Cryptocurrency Finders Fee Agreement

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Summary

The conversation revolves around a finders fee agreement where the company must pay a commission of $110,000 in cryptocurrency after an investment transaction is completed and confirmed by the companys bank. The company must demonstrate its ability to pay this fee before the investor makes the payout. In England and Wales, the Financial Conduct Authority (FCA) regulates such matters. The company should show potential to fulfill obligations through assets or projected revenue and consult a local legal advisor for specific guidance.

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*. Compensation *.*. The Finders fee is limited to the amount received by Qualified Investors that were introduced by Finder and cannot be extended to any additional investors that were introduced to Company via the referred Qualified Investors. *.*. The Finders fee shall be payable in Cryptocurrency (BTC,ETH,USDT,USDC). The total amount shall be calculated based on the average daily exchange rate on coinmarketcap.com (Example) of the date when Company received the full investment amount from Qualified Investor, and is payable following the completion of the investment transaction between Company or any of its subsidiaries and Qualified Investor, to be reported by Company and invoiced by Finder. *.* Compensation obligation Company undertakes to pay to the Finder, in the event of the effective conclusion of a contract between the Investor and Company leading to a successful investment (that is an effective transfer of legal and free of rights funds) of * * CHF, a commission in the amount of US$ * * , in the Cryptocurrency (BTC,ETH,USDT). However, Company shall only be obliged to pay the remuneration if the investment has actually been paid out to Company as a result of the Finders brokerage or verification activities. **** *.* Payment order Company undertakes to irrevocably transfer to the Finder the remuneration due to it in the amount of US$ * * calculated at the daily rate in Cryptocurrency (BTC,ETH,USDT), after the Investor has paid out the Investment Funds and the receipt of the funds has been confirmed by Company’s bank. The transfer of the Finder's fee may not exceed * working days. The provision must be verified in a suitable manner. The payment process for the commission must still be agreed.
It seems like you're dealing with a finder's fee agreement. Could you please clarify your specific question or concern about this agreement? Also, could you provide your location as the legal regulations may vary based on it?
****
It seems like you're asking about the legality of paying finder's fee in cryptocurrency. Could you please confirm this and also share your location to provide accurate legal information?
What does this mean? Should we pay the finders fee before received funds?
Based on your query, you are not obliged to pay the finder's fee before receiving the funds. The agreement states that the fee is payable after the investment transaction is completed and the funds have been confirmed by the company's bank. However, legal regulations can differ based on location. Could you please provide your location for accurate information?
**** What do they mean by commission?
By "commission," they mean the finder's fee of US$ * * that the Company is obligated to pay. This payment is made in Cryptocurrency (BTC,ETH,USDT) after the investment transaction is completed and confirmed by the company's bank.
So we should have * in crupto before the investment is made ?
Based on the agreement, it's not required to have $*,* in cryptocurrency before the investment. The payment to the finder is due after the investment transaction is completed and funds are confirmed by the company's bank.
Then why this clause : ****
This clause means that before the investor makes the payout, the company needs to show that it has the ability to pay the finder's fee in cryptocurrency. This doesn't mean the fee has to be paid before the investment, but that the company should be prepared to do so.
If we dont have money, how to show ?
If the company doesn't currently have the funds, it may need to demonstrate its ability to acquire them. This could be through projected revenue, assets, or other means. However, this can depend on local regulations. Can you please share your location?
England wales
Thank you for providing your location. In England and Wales, the Financial Conduct Authority (FCA) regulates these matters. Generally, you should:
- Demonstrate potential to fulfil obligations.
- Show assets, projected revenue etc.
- Consult a local legal advisor for specifics.
For more, visit FCA's website or contact them directly.