The Referral Commission Agreement is essential for businesses operating in Singapore that rely on referral networks for customer acquisition or business development. This document establishes clear terms for commission-based referral relationships, ensuring compliance with Singapore's legal framework including the Contract Act, Payment Services Act, and Personal Data Protection Act. It defines the scope of referral services, commission structures, payment terms, and mutual obligations while protecting both parties' interests through appropriate risk allocation and compliance measures.
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Key Requirements PROMPT example:
Referral Commission Agreement
"Need a Referral Commission Agreement for my Singapore-based fintech company to engage independent sales agents who will refer merchants to our payment platform, with a tiered commission structure starting from March 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the referral arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Referral Services: Details of referral activities and obligations
5. Commission Structure: Payment terms, rates, and calculation methods
6. Payment Terms: Timing, method, and conditions for commission payments
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of confidential information shared between parties
9. Representations and Warranties: Standard assurances from both parties
10. General Provisions: Standard boilerplate clauses including governing law, notices, and assignment
1. Non-Compete: Restrictions on competitive activities during and after the agreement term
2. Intellectual Property: IP rights and usage terms for brand materials and proprietary information
3. International Payments: Specific terms for cross-border payment arrangements and currency considerations
4. Compliance Requirements: Industry-specific compliance obligations and regulatory requirements
5. Data Protection: Specific obligations under PDPA and handling of personal data
1. Schedule 1 - Commission Rate Schedule: Detailed breakdown of commission rates, tiers, and calculation methods
2. Schedule 2 - Referral Process: Step-by-step referral procedures, requirements, and documentation
3. Schedule 3 - Reporting Template: Standard format for referral tracking and commission reporting
4. Schedule 4 - Compliance Checklist: Required compliance procedures and documentation requirements
5. Schedule 5 - Approved Marketing Materials: List of approved marketing materials and usage guidelines
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