Business To Business Referral Agreement

3. Indemnification. The company will pay the ___ affiliate for any successful recommendation, with a successful recommendation being defined as a recommendation that becomes a customer/client of the company. The entity will pay the affiliate ______ for any unsuccessful recommendation if an unsuccessful recommendation is defined as a valid recommendation candidate who will not become a client/client of the company through no fault of the affiliate or entity; and a valid recommendation candidate is a client/potential client who meets the specifications set out in Section 1 above. The Company pays the Affiliate within 30 (30) days of the date of a concluded recommendation, a concluded recommendation being the commitment of the new client/client or a final measure so that the recommendation does not become a new client/client. It`s a big one. A qualified recommendation is a business lead that has already been verified and communicated by your agent. In contrast, an uns qualified recommendation can be as little as a name or phone number. If you only want a list of potential interested people, you only need un qualified recommendations. However, if you`re looking for qualified leads, be sure to indicate that. An exclusive agreement may limit future business opportunities for certain companies. However, other companies may benefit from exclusive referral agreements.

Referral agreements can be complicated and take many forms, but a good agreement will always have some essential clauses. When writing your agreement, be sure to define and answer these key questions: as a rule, an agent is assigned an earn-out period, which is a set period starting with the date of a recommendation. If a sale is made before the end of the earn-out period, the commission is earned. You need to decide the duration of the earn-out. The purpose of this document is to outline the terms of any customer recommendations between Sparkhouse, a California Corporation and a recommendation agreement should contain details of the relationship between you and the other company. Who will be the speaker and who will be the referee? How will you or the other company pay the other for the recommendation? If a recommendation from an agent becomes a loyal customer, you need to make sure that you don`t have to pay forever a commission for their repeated business to the agent. Specify a limit for the amount of time you will pay the commission, which is also known as the payment period. 2.

Do you receive qualified or uns qualified recommendations? 6. Resignation. This Agreement may be terminated at any time by any party with written notice to the other party. Upon termination, the Company shall pay the Affiliate all compensation due and due for recommendations made prior to the date of termination but which have not yet been paid. There should be a clause that allows you or the other company to license the relevant intellectual property to the other. A license allows you to use another company`s marketing resources to make successful recommendations. When does the payment period for the recommendation expire? Alternatively, you can generate referral fees based on commissions…

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