Commission Referral Agreement Template

Are you a company or broker looking to establish a commission referral agreement? Look no further! At BizzLibrary.com, we have a comprehensive Commission Referral Agreement Template that can help you formalize your referral partnerships and ensure a smooth commission process.

What is a Commission Referral Agreement?

A Commission Referral Agreement is a legally binding contract between a company or broker (referred to as the "Referrer") and another party (referred to as the "Referral Partner" or "Broker") who agrees to refer potential clients or customers to the Referrer's business. This agreement establishes the terms and conditions under which referrals will be made and commissions will be paid.

Key Elements of a Commission Referral Agreement

A well-drafted Commission Referral Agreement should outline the following key elements:

1. Parties Involved: Clearly state the names and contact information of both the Referrer and the Referral Partner, along with a brief overview of their roles.
2. Referral Terms and Obligations: Define the scope of the referral relationship, including the specific products or services to be referred and any geographic limitations. Outline the Referral Partner's obligations, such as identifying and referring potential clients/customers to the Referrer.
3. Commission Structure: Detail how the commission will be calculated, whether it's a percentage of sales, a fixed amount per referral, or a combination of both. Include information on when and how the commissions will be paid.
4. Confidentiality and Non-Disclosure: Include clauses to protect any confidential information shared during the referral process, ensuring that both parties maintain the confidentiality of sensitive business information.
5. Term and Termination: Specify the duration of the agreement, along with provisions for termination by either party. Include any notice periods or conditions under which the agreement can be terminated.

Download Your Commission Referral Agreement Template

Ready to establish a mutually beneficial referral partnership? Download our professionally drafted Commission Referral Agreement Template in PDF format today. Simply visit BizzLibrary.com and access our wide range of business document templates.

Take the first step towards a successful referral program and ensure a fair and transparent commission system. Download our Commission Referral Agreement Template now!