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Referral Commission Agreement
"I need a Referral Commission Agreement for my Lagos-based IT consulting firm to engage individual sales agents who will refer small and medium-sized businesses to us, with a straightforward 10% commission on successful referrals."
1. Parties: Identification of the referrer and the company, including full legal names and addresses
2. Background: Context of the agreement and brief description of the business relationship
3. Definitions: Key terms used throughout the agreement including 'Referral', 'Commission', 'Successful Referral', etc.
4. Appointment and Scope: Terms of appointment of referrer and scope of referral services
5. Referral Process: Detailed process for making and tracking referrals
6. Commission Structure: Commission rates, calculation methods, and qualifying criteria
7. Payment Terms: Timeline and method of commission payments, including currency and payment details
8. Obligations of the Parties: Specific duties and responsibilities of both parties
9. Compliance and Ethics: Anti-corruption provisions and compliance with Nigerian laws
10. Confidentiality: Protection of confidential information shared during the referral process
11. Term and Termination: Duration of agreement and termination provisions
12. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement
1. Non-Compete: Restrictions on referrer's ability to work with competitors, include if exclusivity is required
2. International Referrals: Special provisions for cross-border referrals, include if international business is anticipated
3. Data Protection: Detailed data protection obligations, include if personal data will be processed
4. Training and Support: Company's obligations to train and support referrer, include for complex products/services
5. Marketing Guidelines: Rules for using company's brand and marketing materials, include if referrer will conduct marketing
6. Dispute Resolution: Specific dispute resolution procedures, include if alternative to court proceedings is desired
7. Force Majeure: Provisions for unforeseen circumstances, include if long-term agreement
1. Schedule 1 - Commission Rates: Detailed breakdown of commission rates for different products/services
2. Schedule 2 - Referral Procedures: Step-by-step process for making and processing referrals
3. Schedule 3 - Reporting Template: Standard format for tracking and reporting referrals
4. Schedule 4 - Compliance Checklist: Anti-corruption and compliance requirements checklist
5. Appendix A - Contact Details: Key contact persons and their details for both parties
6. Appendix B - Approved Marketing Materials: List of approved marketing materials and usage guidelines
Authors
Financial Services
Professional Services
Information Technology
Real Estate
Insurance
Telecommunications
Management Consulting
Healthcare
Education
Legal Services
Banking
Business Process Outsourcing
Legal
Sales
Business Development
Finance
Compliance
Operations
Commercial
Marketing
Partner Relations
Account Management
Business Development Manager
Sales Director
Channel Partner Manager
Legal Counsel
Compliance Officer
Chief Financial Officer
Sales Manager
Partnership Manager
Account Executive
Business Consultant
Commercial Director
Chief Executive Officer
Operations Manager
Marketing Manager
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