Parties

• Referred Party (recipient of referrals and the payor of commissions to the referring party for referrals)
• Referring Party (sends referrals to the referred party and is the payee of commissions for such referrals)

When To Use

For use by service provider(s) who will pay referral fees for the referral of new business.

A must for service providers that desire a relatively simple agreement to reward new business referrals with referral fees, but also are concerned about limiting liability for the payment of referral fees.

"Intelligent" Document Assembly Does Work For You

This is not a static downloadable form -- my embedded logic selects, orders, arranges, and formats my carefully worded clauses from the ContractMaker database and "intelligently" assembles your document -- you're empowered to create a near-custom agreement with 1000's of meaningful variations.

Features And Options

• Definition of agency relationship
• Option for both qualified and non-qualified (prospect list) referrals
• Option for % commission or specified dollar amount
• Specification of earn-out period (period in which commissions are earned)
• Specification of pay-out period (period in which earned commissions are paid)
• Specification of Net Revenues (from which commissons are paid)
• Commission conflicts resolution clause
• Confidential information clause
• Limitation of liability
• Option for termination for convenience
• Clause re commissions payable after expiration or termination
• Option for arbitration clause

Unlimited Drafting Benefit

One of the great benefits of our ContractMaker service is that if you're not sure how to structure your transaction, or if you want to develop "fall back" positions for negotiation purposes, you may draft alternate variations of this document at no extra charge to assist you in developing your strategies.