Did you know that sometimes big companies make deals without writing everything down? This happened with Barrick Gold, a big gold mining company, and a dealmaker named Ian Hannam. Hannam helped Barrick buy another gold company, and he thought he'd get a lot of money.
- Hannam helped with a huge deal worth $18 billion!
- He didn't have a written agreement but still tried to get paid.
- A judge decided Hannam should get $2 million plus expenses.
| Company | Amount |
|---|---|
| Barrick Gold | Paid $2 million + expenses |
| Hannam & Partners | Received $2 million + expenses |
It's a reminder that even without a written contract, agreements can sometimes still be legally binding.
