Client Referral Agreement Template for Agreement, Broker, Referral, and Principal

If you are a broker or a principal looking to establish a referral agreement with a client, our Client Referral Agreement Template is here to assist you. At BizzLibrary.com, we understand the importance of having a well-defined agreement in place when it comes to client referrals. Our template is carefully crafted to protect your interests while fostering a mutually beneficial relationship with your clients.

Understanding the Client Referral Agreement

A client referral agreement is a legal contract between a broker or principal (the referrer) and a client who provides referrals. This agreement sets out the terms and conditions governing the referral relationship, ensuring clarity and fairness. Here's why having a client referral agreement is crucial:

1. Clearly Defined Roles: The agreement clearly outlines the roles and responsibilities of both parties. It establishes the referrer as the intermediary who will refer potential clients to the principal's business. It also defines the scope of the referrals and the expectations for the referrer's involvement in the referral process.
2. Referral Fees and Compensation: The agreement specifies the referral fees or compensation structure. It includes the percentage or flat fee that the referrer will receive for successful referrals. This section also covers the terms of payment, such as frequency and method of payment.
3. Confidentiality and Non-Disclosure: To protect the interests of both parties, the agreement includes clauses regarding the confidentiality of client information. It establishes the obligations of the referrer to maintain the confidentiality of client details and prohibit the sharing of sensitive information without prior consent.
4. Term and Termination: The agreement defines the duration of the referral relationship and specifies terms for termination. It outlines the conditions under which either party can terminate the agreement, such as breach of contract or non-performance. This section also clarifies the notice period required for termination.

Obtain Your Client Referral Agreement Template

Safeguard your referral relationships and ensure a fair and transparent partnership with your clients by downloading our Client Referral Agreement Template in PDF format. It's a valuable resource for brokers and principals seeking to establish clear guidelines for working together and compensating referrals.

Visit BizzLibrary.com now to access a wide range of business document templates, including legal agreements, contracts, and more. Download our Client Referral Agreement Template today and establish a solid foundation for your referral partnerships.