This form is a Finder's Fee Agreement. The offerer and the finder agree to certain terms in furtherance of the mutual purpose of solciting customers and marketing the enterprise operated by the offeror. The document provides that the finder is authorized to represent the offerer in locating, soliciting, and selling to potential customers of the offeror.
Referral Fee Agreement Template With Collateral
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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.
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.
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 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 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.