Entering into a referral agreement has financial benefits to both parties. An Agent can earn income without the need to carry inventory or provide a service and a Company can increase their footprint in the marketplace at a lower overhead cost by paying for results only.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only.
The Washington Referral Agreement for Sale of Automobile is a legally binding document that outlines the terms and conditions for a referral arrangement related to the sale of vehicles in the state of Washington. This agreement is commonly used by individuals or businesses involved in the automotive industry to establish a formal referral program. In a Washington Referral Agreement for Sale of Automobile, the parties involved, known as the "referrer" and the "referral recipient," come to an agreement regarding the referral of potential customers interested in purchasing an automobile. The agreement provides clarity on how referrals will be identified, tracked, and compensated. Key elements included in a Washington Referral Agreement for Sale of Automobile are as follows: 1. Parties: The agreement identifies the names and contact information of the referrer (individual or business making the referral) and the referral recipient (individual or business receiving the referral). 2. Basis of Referral: The agreement details the specific conditions under which the referrer can make referrals, such as differentiating between new or used vehicles, specific brands, or certain price ranges. 3. Identification of Referrals: The agreement outlines how potential customers referred by the referrer will be identified and tracked. This may include using unique tracking codes, designated contact persons, or specific forms to record the referral. 4. Compensation: The agreement specifies the compensation structure for successful referrals. This can be in the form of a flat fee, a percentage of the sale, or other agreed-upon terms. It also defines the time frame in which the referrer will receive the compensation, such as upon completion of the sale or delivery of the vehicle. 5. Compliance with Laws: The agreement highlights the importance of adhering to all applicable laws and regulations related to referral arrangements, ensuring legality and ethics in the referral process. 6. Termination: The agreement outlines the conditions under which the referral arrangement can be terminated, such as breach of contract, mutual agreement, or completion of the agreed-upon term. Different types of Washington Referral Agreements for Sale of Automobile may include variations based on the specifics of the arrangement. For instance, some agreements may focus on referrals for new cars, while others may focus on used cars. Additionally, referral agreements may vary depending on the parties involved, such as agreements between dealerships, individual car salespeople, or even customers referring potential buyers to a dealership. In summary, the Washington Referral Agreement for Sale of Automobile is a comprehensive document that establishes the terms and conditions for a referral program related to vehicle sales in the state of Washington. It defines the roles and responsibilities of the parties involved, specifies the compensation structure, and ensures compliance with laws and regulations. Different types of referral agreements may exist based on specific criteria, such as the type of vehicle or the parties involved.
