Mutual Referral Agreement is entered between two parties wherein each party refers to potential clients to the other in exchange for a commission/referral fee.
The Agreement outlines the terms of:
(a) the relationship between the Referring Party and the Receiving Party (party receiving the referrals).
(b) Payment of commission/referral fee, i.e. enlists the circumstances where the commission is due and not due to the referral party;
How to use this Document?
This document comes into play when two parties agree to refer clients to each other for a fee/commission. The document can be customised to include the percentage of commission payable for the referral.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and clicking the “Next” button.
3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.