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Referral Contract
"I need a Referral Contract for my software company in Lagos, allowing multiple IT consultants to refer potential clients to us, with a tiered commission structure based on deal size and a minimum referral target of 5 clients per quarter."
1. Parties: Identification of the referrer and the company receiving referrals, including full legal names and registered addresses
2. Background: Context of the referral arrangement and brief description of both parties' businesses
3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Qualified Lead', 'Referral Fee', etc.
4. Scope of Referral Arrangement: Details of what constitutes a valid referral and the specific products/services covered
5. Referral Process: Step-by-step process for making and tracking referrals
6. Referral Fees and Payment Terms: Fee structure, calculation method, payment timing, and invoicing requirements
7. Obligations of the Referrer: Responsibilities and commitments of the referring party
8. Obligations of the Company: Responsibilities and commitments of the company receiving referrals
9. Confidentiality: Protection of confidential information exchanged during the referral process
10. Data Protection: Compliance with NDPR and handling of personal data
11. Term and Termination: Duration of the agreement and circumstances for termination
12. General Provisions: Standard clauses including governing law, notices, and dispute resolution
1. Non-Compete: Restrictions on competing activities, used when the referrer operates in the same industry
2. Training and Support: Details of any training or support provided to the referrer, included when the company provides such services
3. Marketing Guidelines: Rules for using company branding and marketing materials, included when the referrer will conduct marketing activities
4. Performance Targets: Minimum referral requirements or targets, used in performance-based arrangements
5. Regulatory Compliance: Specific regulatory requirements, included for regulated industries like financial services
6. Insurance Requirements: Insurance obligations, included when referral activities carry significant risks
7. Sub-referrers: Rules regarding the appointment of sub-referrers, included when sub-referral arrangements are permitted
1. Schedule 1 - Fee Structure: Detailed breakdown of referral fees, commission rates, and bonus structures
2. Schedule 2 - Products and Services: List of products or services covered by the referral arrangement
3. Schedule 3 - Referral Process Flow: Detailed workflow diagram and procedures for referral submission and processing
4. Schedule 4 - Reporting Template: Standard format for referral tracking and reporting
5. Schedule 5 - Approved Marketing Materials: List and samples of approved marketing materials and guidelines
6. Appendix A - Contact Details: Key contact persons and their details for both parties
7. Appendix B - Compliance Checklist: Regulatory and compliance requirements checklist
Authors
Financial Services
Information Technology
Professional Services
Real Estate
Healthcare
Education
Telecommunications
Insurance
Retail
Manufacturing
Consulting
Energy
Legal
Business Development
Sales
Compliance
Operations
Marketing
Partner Relations
Commercial
Account Management
Finance
Business Development Manager
Sales Director
Partnership Manager
Channel Manager
Legal Counsel
Compliance Officer
Commercial Director
Marketing Manager
Operations Manager
Account Manager
Chief Executive Officer
Chief Commercial Officer
Relationship Manager
Business Owner
Sales Representative
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