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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 favour of the referrer.
For a period of specified months, 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, 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.
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. Any payment of Referral Fee to Referrer shall be made by Seller within a set number of business days after the date of receipt of Invoice.
This document should be carefully read by the Individual Seller and Referrer.
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.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.