Financial Advisers' Engagement Letters: Watch Out for the Tail-Gunner

Mondaq Business BriefingUnited Kingdom Law Articles in English (2010)

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Financial Advisers' Engagement Letters: Watch Out for the Tail-Gunner

Financial advisers' terms of engagement typically provide the adviser with a premium for a successful outcome to the transaction. The engagement can normally be terminated at relatively short notice. What is to prevent the client from terminating the engagement before completion in order to ...

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