Finder Law and Legal Definition

An intermediary who brings together parties for a business opportunity is called a finder. For example, two companies for a merger, a borrower and a financial institution or a seller and a buyer of real estate. A finder merely brings two parties together to make their own contract and does not participate in any of the negotiations.

Finder also means a person who lawfully comes into possession of another's lost personal property. The finder is entitled to certain rights and is liable to duties which s/he is obliged to perform. The finder is not bound to take the goods s/he finds. When the finder takes custody of the goods, s/he is required to exercise reasonable diligence in preserving the property. The finder is entitled to recover all expenses which have necessarily occurred in preserving the thing found. For example, if a man finds an animal, he would be entitled to be reimbursed for its keeping, for advertising in a reasonable manner that he had found it, and to any reward which may have been offered by the owner for the recovery of such lost thing. When the owner does not reclaim the lost goods, they belong to the finder.