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Referral Fee Agreement
"I need a Referral Fee Agreement for my IT consulting firm to establish a referral program with technology vendors, offering a 10% commission on successful client introductions, starting from January 2025."
1. Parties: Identification of the referring party and the receiving party, including full legal names, registration numbers, and registered addresses
2. Background: Context of the referral arrangement and brief description of the parties' business activities
3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Referral Fee', 'Successful Introduction', etc.
4. Scope of Agreement: Details of what constitutes a valid referral and the territories or markets covered
5. Referral Process: Step-by-step process for making and accepting referrals, including notification requirements
6. Fee Structure: Calculation method for referral fees, payment terms, and conditions for fee eligibility
7. Payment Terms: Timing of payments, invoicing requirements, currency, and payment methods
8. Obligations of the Parties: Responsibilities of both parties in the referral process, including quality standards and communication requirements
9. Confidentiality: Protection of confidential information exchanged during the referral process
10. Data Protection: GDPR compliance and data handling requirements
11. Term and Termination: Duration of the agreement and circumstances for termination
12. Governing Law and Jurisdiction: Specification of Belgian law as governing law and jurisdiction for disputes
1. Non-Solicitation: Prevents parties from directly soliciting each other's clients or employees - include when dealing with sensitive business relationships
2. Exclusivity: Terms for exclusive referral rights - include when granting exclusive territories or sectors
3. Audit Rights: Right to audit referral records - include for high-value or volume-based referral arrangements
4. Insurance Requirements: Specific insurance coverage requirements - include for regulated industries or high-risk referrals
5. Marketing and Branding: Guidelines for using each other's brands - include when public co-marketing is involved
6. Dispute Resolution: Alternative dispute resolution procedures - include for international arrangements or high-value agreements
7. Force Majeure: Provisions for unforeseeable circumstances - include for long-term arrangements
8. Anti-Corruption Compliance: Detailed anti-corruption provisions - include when dealing with public sector or regulated industries
1. Schedule 1 - Fee Calculator: Detailed breakdown of fee calculations, including any tiered structures or special cases
2. Schedule 2 - Referral Process Flow: Detailed workflow diagram showing the step-by-step referral process
3. Schedule 3 - Approved Territories: List of geographical areas or market sectors covered by the agreement
4. Schedule 4 - Reporting Template: Standard format for tracking and reporting referrals
5. Appendix A - Contact Details: Key contact information for both parties
6. Appendix B - Data Processing Terms: Detailed GDPR-compliant data processing terms
7. Appendix C - Service Level Agreement: Performance metrics and service standards for handling referrals
Authors
Professional Services
Financial Services
Real Estate
Information Technology
Management Consulting
Legal Services
Healthcare
Insurance
Banking
Telecommunications
Business Services
Commercial Property
Education and Training
Recruitment
Legal
Business Development
Sales
Compliance
Finance
Operations
Commercial
Partnerships
Marketing
Account Management
Strategic Planning
Risk Management
Business Development Manager
Sales Director
Partnership Manager
Legal Counsel
Compliance Officer
Commercial Director
Chief Executive Officer
Managing Partner
Channel Manager
Strategic Alliance Manager
Finance Director
Operations Manager
Marketing Director
Account Manager
Business Manager
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