The Exclusive Referral Agreement is utilized when businesses seek to formalize referral partnerships with exclusive rights and obligations. This document, governed by English and Welsh law, is particularly relevant in situations where a consistent flow of referrals is crucial to business operations. It details commission structures, exclusivity terms, territorial rights, and compliance requirements. The agreement provides protection for both parties while ensuring adherence to UK competition law, data protection regulations, and industry-specific requirements. It's commonly used in professional services, financial services, and other sectors where business referrals form a significant part of growth strategy.
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1. Parties: Identification and details of the parties entering into the agreement
2. Background: Context and purpose of the agreement, including any relevant business relationship history
3. Definitions: Key terms used throughout the agreement and their specific meanings
4. Appointment and Scope: Terms of exclusive appointment and territorial scope
5. Obligations of Referrer: Core duties and responsibilities of the referring party
6. Obligations of Company: Core duties and responsibilities of the receiving party
7. Commission Structure: Payment terms, calculation methods, and timing of commission payments
8. Term and Termination: Duration of agreement and circumstances for termination
9. Confidentiality: Protection of confidential information and trade secrets
1. Non-Compete: Restrictions on competitive activities during and after the agreement term
2. Data Protection: GDPR compliance and data handling procedures for personal data processing
3. Intellectual Property: IP rights and usage permissions between parties
4. Force Majeure: Provisions for handling unforeseen circumstances affecting performance
5. Compliance with Laws: Specific regulatory compliance requirements for regulated industries
1. Commission Schedule: Detailed breakdown of commission rates and calculation methods
2. Territory Schedule: Detailed definition of geographical or market territories
3. Service Level Agreement: Performance metrics and standards for both parties
4. Referral Process: Step-by-step procedure for making and processing referrals
5. Reporting Templates: Standard forms for activity and commission reporting
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