Simple Referral Fee Agreement Template

As consideration for a referred client affiliate shall be entitled to number percent of the initial contract value to be paid to affiliate within number days of company and company s client s execution of the initial contract if any signed after affiliates referral.

Simple referral fee agreement template. This agreement contemplates an introduction only. A simple agreement between a company and referral partner. For the term of this agreement referrer shall have the non exclusive right to introduce prospective clients to the seller who are not already known to the seller. A referral agreement form is a contract that formalizes the terms and conditions in which a certain agent will promote goods and services of a particular company with a referral fee.

For you to be clear with the referrers a comprehensible agreement should be signed by the referrer and the company. The fee paid to the affiliate is commonly a percentage of the total sale or a flat fee per transaction. A referral fee agreement is between an affiliate that refers sales or services to a company in exchange for compensation. Referral fee affiliate understands that company clients pay company in accordance with contracts entered into by company and such clients.

Nonetheless you can rely on this sample to familiarize what a basic referral agreement looks like. It may also be called a finder s fee or commission agreement and can be used in a variety of industries. In return for providing a referral one of or a combination of referral fees commission splits or other compensation to the referrer may be paid. A referral agreement will formalize the terms and conditions of the contract whereby an independent agent will promote the goods or services of a company for a referral fee.

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. Writing agreements could be daunting when you re inexperienced. Created and approved by legal experts. Most often a broker will introduce a buyer and seller of goods or services real estate buyer and seller or employer and potential employee.

The terms of fee payments including the amount and or basis for calculation and the frequency of payment will occur as outlined in the referral fee schedule see schedule a. Sections include commission amount payment terms referral requirements and more. Identify the entities involved in the agreement this is the first and most important step when making a referral agreement and is as basic as knowing the involved parties. The referrer will receive a ten percent 10 commission based on the fee paid to the seller.