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Real Estate Referral Fee Agreement
"I need a Real Estate Referral Fee Agreement for my Lagos-based property development company to establish a referral network with five independent real estate agents, with an exclusive territory arrangement and a tiered commission structure based on property values."
1. Parties: Identifies and provides full details of all parties to the agreement, including registration numbers for real estate professionals
2. Background: Explains the context of the agreement and the parties' intentions to enter into a referral arrangement
3. Definitions: Defines key terms used throughout the agreement, including 'Referral', 'Referral Fee', 'Successful Transaction', etc.
4. Scope of Referral Services: Details the nature of referrals to be made and the services covered by the agreement
5. Referral Process: Outlines the specific procedures for making and accepting referrals
6. Referral Fee Structure: Specifies the agreed-upon fee calculations and percentages
7. Payment Terms: Details the timing and method of fee payments, including any conditions precedent
8. Obligations of Referring Party: Lists the duties and responsibilities of the party making the referral
9. Obligations of Receiving Party: Lists the duties and responsibilities of the party receiving the referral
10. Term and Termination: Specifies the duration of the agreement and conditions for termination
11. Confidentiality: Establishes confidentiality obligations regarding shared information and client details
12. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and establishes jurisdiction for disputes
13. General Provisions: Standard contract clauses including severability, entire agreement, and amendments
1. Non-Compete Clause: Restricts parties from directly competing for referred clients - include when dealing with high-value properties or markets
2. Exclusivity: Establishes exclusive referral rights in specific geographic areas or property types - use when parties want territorial protection
3. Professional Indemnity: Additional provisions regarding professional liability insurance - include when dealing with high-value transactions
4. Marketing and Branding: Guidelines for using each other's brands in marketing - include when parties have strong brand presence
5. Dispute Resolution: Detailed alternative dispute resolution procedures - include for high-value or complex arrangements
6. Force Majeure: Provisions for unforeseen circumstances - include when long-term arrangements are contemplated
7. Data Protection: Specific provisions for handling personal data - include when significant client data sharing is involved
1. Schedule 1: Fee Calculator: Detailed breakdown of fee calculations for different property types and values
2. Schedule 2: Referral Territory: Map or description of geographic areas covered by the agreement
3. Schedule 3: Required Documentation: List of documents required for processing referrals
4. Schedule 4: Contact Details: Key contact information for both parties' representatives
5. Appendix A: Referral Form Template: Standard form for making referrals
6. Appendix B: Professional Credentials: Copies of relevant licenses and professional registrations
Authors
Real Estate
Property Development
Construction
Financial Services
Professional Services
Property Management
Real Estate Investment
Commercial Property
Residential Property
Legal Services
Legal
Compliance
Business Development
Sales
Operations
Real Estate
Partnerships
Contract Administration
Risk Management
Property Management
Real Estate Agent
Property Manager
Real Estate Broker
Legal Counsel
Compliance Officer
Business Development Manager
Real Estate Director
Property Consultant
Estate Surveyor
Contract Manager
Real Estate Partnership Manager
Sales Director
Operations Manager
Managing Director
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