The Business Referral Fee Agreement is essential for businesses in Singapore seeking to formalize their referral relationships and ensure compliance with local regulations. This document is particularly important in regulated industries where referral arrangements must be transparent and properly documented. The agreement defines the scope of referral services, compensation structure, and obligations of both parties while ensuring compliance with Singapore's legal framework, including anti-corruption laws and data protection requirements. It provides clear guidelines for tracking referrals, calculating fees, and maintaining proper records for tax and regulatory purposes.
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1. Parties: Identifies and defines the contracting parties
2. Background: Explains context and purpose of the referral arrangement
3. Definitions: Defines key terms used tHRoughout the agreement
4. Referral Services: Outlines the scope and nature of referral services
5. Fee Structure: Details the referral fees, calculation method, and payment terms
6. Term and Termination: Specifies duration and termination conditions
7. Confidentiality: Addresses handling of confidential information
1. Non-Compete: Restricts competitive activities when protecting business interests from competition
2. Marketing Guidelines: Rules for marketing and promotion when referrer will actively market services
3. Performance Metrics: Defines performance standards when setting specific targets or KPIs
4. Training Requirements: Specifies required training when referrer needs specific knowledge or certification
1. Fee Schedule: Detailed breakdown of fee structures and calculations
2. Referral Process: Step-by-step process for making and tracking referrals
3. Reporting Template: Standard format for reporting referrals and calculating fees
4. Territory Schedule: Defines geographical areas covered by the agreement
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