This Referral Agreement (the “Agreement”) is made as of the 28 April 2024 between:
(1) PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "First Party")
(2) PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Second Party")
Whereas, The First Party and the Second Party (hereinafter referred to as “the Parties” collectively and “Party” individually) wish to enhance their business opportunities and have agreed to enter into this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, the First Party and the Second Party agree as follows:
1. Scope of Services
(a) Each Party shall identify and introduce prospective clients to the other Party ("Prospective Client") in exchange for a commission if the other Party generates Income from such Prospective Client in accordance with the terms and conditions of this Agreement. ("Service"). “Income” is the net payment received from the Prospective Client and which has been paid in full pursuant to an agreement between the Receiving Party and the Prospective Client.
(b) The Referring Party shall identify all Prospective Clients in writing to the Receiving Party. In carrying out the Services, the Referring Party shall utilize its best efforts to identify opportunities, facilitate introductions and communications with Prospective Clients, exchange information and arrange meetings between the Receiving Party and the Prospective Client. "Referring Party" is the party referring Prospective Clients to the other party. "Receiving Party" is the party receiving referrals of Prospective Clients from the Referring Party.
(c) The Referring Party shall not be deemed to have discovered any Prospective Clients and shall not be entitled to receive a commission (as described below) for Prospective Clients:
(i) who contacted or were contacted by the Receiving Party on or before the Effective Date of this Agreement; or
(ii) any Prospective Clients who hereafter contact or are contacted by the Receiving Party Party, after the Effective Date, before being identified and introduced in writing by the Referring Party to the Receiving Party.
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