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OUTGOING REFERRAL AGREEMENTeXp AGENT SENDING REFERRAL: eXp AGENT REALTY ADDRESS: eXp AGENT OFFICE PHONE: CELL: FAX: EMAIL: Tax ID #: Broker 's License #: AGENTS COMPANY RECEIVING REFERRAL: AGENT NAME.

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A contract has commercial substance if the risk, timing, or amount of the reporting entity's future cash flows will change as a result of the contract. If there is no change, it is unlikely the contract has commercial substance.

A series of distinct goods or services provided over a period of time is a single performance obligation if the distinct goods or services are substantially the same and have the same pattern of transfer to the customer.

The standard defines commercial substance in ASC 606-10-25-1(d) as when “the risk, timing, or amount of the entity's future cash flows is expected to change as a result of the contract.” This attribute helps to avoid recognizing revenue for transactions that have no economic impact or business purpose.

Combined Contracts means contracts between Seller and Customers that include Managed Services and Other Services in the same contract.

For example: Retailer Peter agrees to sell his customer, Bob, a new Washing Machine. The performance obligation, as per the customer invoice, is delivering the Washing Machine to Bob in exchange for the stated consideration.

A set of contracts should be evaluated for combination in ance with ASC 606-10-25-9 when the following indicators exist: The contracts were entered into at or about the same time, and. The contracts were entered into with the same customer or with a related party of the customer.

The amount of consideration to be paid in one contract depends on the price or performance of the other contract. A single commercial objective means price interdependence related to a negotiated bundle of services.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232