Get EN Agreement With Referral And Release 4.22.2012CA - GovDelivery

A referral agreement is a formal contract between two businesses where one party refers customers or clients to the other party for a reward. Many businesses enter into referral agreements because good referrals can be a valuable and reliable source of revenue.

The agreement should specify which products or services are eligible for referrals, how long the agreement lasts, and how it can be terminated or renewed. It should also explain how the referrer should identify, contact, and qualify potential customers, and how they should submit the referrals to you.

One primary risk inherent in referral agreements lies in the potential damage to your firm's reputation and client relationships if the referred matters are mishandled. Whether a fee-sharing agreement or just a recommendation, every referral also opens you up to a potential "negligent referral" claim.

A referral agreement is a formal contract between a seller and a referrer to capture the terms and conditions of how referral sales are measured, paid, and coordinated.

A referral agreement is a legal contract that defines a partnership between a service provider and a referral partner that earns commission on sales. The contract sets out the terms of a partnership wherein one party is referring qualified leads or customers to the other partner in exchange for rewards or compensation.

A finder's fee (also known as "referral income" or "referral fee") is a commission paid to an intermediary or the facilitator of a transaction. The finder's fee is rewarded because the intermediary discovered the deal and brought it to the attention of interested parties.

A referral agreement is a legal contract that establishes a joint venture between a service or product provider and a referral party that earns commissions on sales.

2 What to include in a referral agreement A referral agreement should cover several aspects, such as the scope and duration of the agreement, the referral process and criteria, compensation and payment terms, performance and quality standards, as well as confidentiality and non-compete clauses.