Referral Fee Agreement where Referrer may refer potential customers to Seller for a referral fee on a non-exclusive basis. The referral fee can be fixed or as a % of the net value of goods and services. This agreement is drafted in neutral form.
For a period of specified months after the date hereof (the "Term"), which shall be automatically renewed for additional periods of the same duration as the Term, unless either party requests termination at least thirty (30) days prior to the end of the then-current Term, the Seller engages the Referrer to source independent third party customers to its Goods or Services, and the Referrer accepts the Seller's engagement. For a period of specified months after the date hereof (the "Term"), or as subsequently extended by the Seller and the Referrer in writing, the Seller engages the Referrer to source independent third party customers to its Goods or Services, and the Referrer accepts the Seller's engagement.
The referral fee shall be calculated as echo $FEE; ?> per cent of the net value of goods or services sold by the Seller as a direct result of a referral (except for Excluded Persons as defined above). Net value shall exclude value added tax, postage and packaging, insurance, refunds and payments not honored by a financial institution. Subsequent sales of goods or services to the referred customer shall not be subject to a referral fee except where such subsequent purchase is the direct result of a repeat referral.
3.2 Upon reconciliation of referral fees due, the Referrer shall issue an invoice to the Seller and payment shall be effected within thirty (30) days of submission of said invoice.
3.3 Any payment of Referral Fee to Referrer shall be made by Seller within echo $PAYMENT_DAYS; ?> business days after the date of receipt of Invoice. For the avoidance of doubt, Seller shall have no obligation to pay Referrer in respect of any service invoiced but have not been paid by the customers.
3.4 The Referral Fee shall be reduced in proportion to any claim or liability against the Seller by customers. Referrer agrees to refund to the Seller any Referral Fee already paid to Referrer under this circumstances. For the avoidance of doubt, the Referral Fee shall not be negative and any refund by the Referrer shall not exceed the Referral Fee.