Referral Fee Agreement Template With Client
Description
How to fill out Finders Fee Agreement?
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FAQ
At minimum, every referral fee agreement should include the following key elements : An explanation of how referrals will take place. ... Details on referral compensation. ... Information on when a referral fee is not required. ... Dates indicating the term of the agreement. ... Confidentiality information.
A referral or finder's agreement to be entered into by a seller of goods or service provider to pay a referral fee, also called a finder's fee, to anybody who makes an introduction or discovers an opportunity that results in a sale.
A Referral Fee Agreement is used when people have knowledge and contacts in a certain field and want to be paid for making successful introductions to others. Most often, a broker will introduce a buyer and seller of goods or services, real estate buyer and seller, or employer and potential employee.
A referral agreement sample should include the following sections: Definitions. ... Relationship between parties. ... Responsibilities. ... Referral fee terms. ... Promotional expectations. ... Referral process and tracking. ... Non-exclusivity clause. ... Non-disclosure and confidentiality.
The parties agree that the Professional Fee paid to Professional is not paid in return for, or to induce any person: (i) to refer an individual to anyone for the furnishing or arranging for the furnishing of items or services; or (ii) to purchase, lease, order, or arrange for or recommend purchasing, leasing, or ...