The Referral Partner Agreement is essential for businesses in Singapore looking to expand their customer base through formal referral relationships. This document type is commonly used when companies want to establish a structured referral program with clear compensation terms and compliance measures. The agreement addresses key aspects such as commission structures, referral tracking mechanisms, and performance metrics while ensuring compliance with Singapore's regulatory framework, including data protection and competition laws. It's particularly relevant for businesses seeking to leverage external partners for growth while maintaining legal and operational clarity in their referral relationships.
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Key Requirements PROMPT example:
Referral Partner Agreement
"Need a Referral Partner Agreement for our Singapore-based fintech company to establish a referral program with independent financial advisors, including a tiered commission structure and strict data protection requirements, to be implemented by March 2025."
1. Parties: Identification and details of the principal company and the referral partner
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement
4. Appointment and Scope: Terms of appointment and scope of referral services
5. Referral Process: Detailed process for making and tracking referrals
6. Commission Structure: Payment terms, calculation methods, and payment schedule
7. Obligations of Parties: Responsibilities and duties of both parties
8. Term and Termination: Duration of agreement and termination provisions
9. Confidentiality: Protection of confidential information
10. Governing Law: Specification of Singapore law as governing law
1. Training and Support: Details of training provided to referral partner - include when principal provides specific training or support systems
2. Marketing Guidelines: Rules for using principal's brand and marketing materials - include when referral partner will conduct marketing activities
3. Non-Compete: Restrictions on competing activities - include when protecting against competition is crucial
4. Data Protection: PDPA compliance requirements - include when personal data will be processed
5. Service Levels: Performance metrics and standards - include when specific performance targets are required
1. Commission Schedule: Detailed breakdown of commission rates and calculations
2. Referral Process Flow: Detailed workflow diagram of referral process
3. Approved Marketing Materials: List of approved marketing materials and usage guidelines
4. Report Templates: Standard forms for reporting referrals and tracking
5. Service Territory: Definition of geographical or market coverage
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