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Referral Fee Agreement where Referrer may refer potential customers to the Buyer 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 Buyer engages the Referrer to source independent third party customers to its Goods or Services, and the Referrer accepts the Buyer's engagement. For a period of specified months after the date hereof (the "Term"), or as subsequently extended by the Buyer 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 a percentage of the net value of goods or services purchased by the Buyer 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 and other agreed charges. Subsequent sales of goods or services from the referred seller shall not be subject to a referral fee except where such subsequent purchase is the direct result of a repeat referral.
The Referral Fee shall be reduced in proportion to any claim or liability against the Buyer by customers. Referrer agrees to refund to the Buyer any Referral Fee already paid to Referrer under these 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.
This is Referral Fee Agreement where Referrer may refer the potential seller to the Buyer 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.
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.