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Reciprocal Referral Agreement
"I need a Reciprocal Referral Agreement between a UAE-based financial advisory firm and a real estate agency, with a 5% commission structure and specific data protection provisions for handling client information."
1. Parties: Identifies and provides full legal details of all parties entering into the agreement
2. Background: Sets out the context and purpose of the agreement, including brief description of parties' businesses
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Agreement: Outlines the nature of referral arrangement and territories covered
5. Referral Process: Details the specific procedures for making and receiving referrals
6. Compensation and Payment Terms: Specifies referral fees, commission structures, and payment procedures
7. Obligations of Parties: Lists specific duties and responsibilities of each party
8. Confidentiality: Addresses handling of confidential information and trade secrets
9. Term and Termination: Specifies duration, renewal terms, and termination conditions
10. Data Protection: Ensures compliance with UAE data protection laws regarding shared customer information
11. Representations and Warranties: States parties' assurances about their capacity and authority
12. Governing Law and Jurisdiction: Specifies UAE law as governing law and defines jurisdiction for disputes
13. General Provisions: Includes standard boilerplate clauses like notices, amendments, and assignment
1. Non-Compete Provisions: Include when parties wish to restrict competition in specific areas or markets
2. Marketing and Branding: Add when parties need to specify rules about using each other's brands and marketing materials
3. Training and Support: Include when parties will provide training or support for referred business
4. Quality Control: Add when specific service standards need to be maintained for referred customers
5. Dispute Resolution: Include detailed alternative dispute resolution procedures if desired
6. Force Majeure: Add when parties want specific provisions for unforeseen circumstances
7. Insurance Requirements: Include when specific insurance coverage is required for the referral activities
8. Compliance with Laws: Add detailed compliance requirements for regulated industries
1. Schedule 1: Referral Fee Structure: Detailed breakdown of commission rates and payment calculations
2. Schedule 2: Referral Procedures: Step-by-step process flow and documentation requirements for referrals
3. Schedule 3: Service Standards: Specific service level requirements and quality metrics
4. Schedule 4: Approved Marketing Materials: Templates and guidelines for co-branded marketing materials
5. Schedule 5: Contact Details: Key contact information for both parties
6. Appendix A: Referral Report Template: Standard format for tracking and reporting referrals
7. Appendix B: Compliance Checklist: Required documentation and verification procedures for referrals
Authors
Financial Services
Real Estate
Insurance
Legal Services
Professional Services
Healthcare
Education
Information Technology
Management Consulting
Marketing and Advertising
Banking
Wealth Management
Property Development
Business Services
Legal
Compliance
Business Development
Sales
Operations
Marketing
Account Management
Partnership Development
Commercial
Customer Relations
Risk Management
Finance
Business Development Manager
Partnership Manager
Chief Executive Officer
Managing Director
Legal Counsel
Compliance Officer
Operations Manager
Sales Director
Account Manager
Marketing Manager
Commercial Director
Relationship Manager
Chief Operating Officer
Head of Business Development
General Counsel
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