Business Referral Commission Agreement Template

2. Indemnification. In the event that, within [duration of the referral fee], the recipient enters into an agreement for the provision of services to an authorised interested party within [DURATION OF THE RECOMMENDATION FEE] of the years following the transfer from the interested party to the recipient by the beneficiary, the recipient shall pay a fee (the `referral fee`) equal to the income generated, payable by the authorized interested party and, in fact, by the recipient in accordance with the terms of the agreement between the beneficiary and the beneficiary. the authorized interested party. The referral fee is considered a full consideration for all recommendations issued during the period of validity. The legal secretary shall be liable for all income and other taxes incurred by him in connection with the receipt of the recommendation fee provided for in this provision and as an independent contractor of the undertaking. The Company is not responsible for the Advertiser`s expenses in carrying out its obligations under this Contract, unless such expenses have been previously approved in writing by the Company. Typically, an agent is called an earn-out period, which is a given period beginning 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.

It is important to indicate precisely which revenues are subject to commissions. Typically, this is net revenue, which includes money earned, net of credits and returns, as well as things such as taxes, tariffs, and customs duties. Essentially, you need to make sure that you pay a commission on your income after all other fees have been taken into account. 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. 2. Do you receive qualified or uns qualified recommendations? 4. Act only as a discoverer; Non-exclusivity.

It goes without saying that the addressee of the recommendation acts only as a discoverer and is not entitled to conclude agreements, commitments or obligations on behalf of the addressee or to negotiate with the addressee the terms of the agreements concluded by the interested parties. The recipient acknowledges that the recipient may enter into recommendation agreements or other similar agreements with other parties and that, under these agreements, the referenced has no rights or costs for customers that have been returned to the recipient by others or identified by the recipient himself. If a recommendation from an agent becomes a loyal customer, you need to make sure that you won`t have to pay forever a commission for their repeated business to the agent. . . .