October 12, 2021

Types Of Referral Agreements

You may want to insert an exclusivity clause that prevents your partner from recommending similar agreements with other companies. On the other hand, your referral partner might want to prevent you from entering into other agreements. Recommendation agreements should contain details of the relationship between you and the other company. Who will be the speaker and who will be the referee? How will you or the other company pay the other for the recommendation? 6. Resignation. This Agreement may be terminated at any time by any party with written notice to the other party. Upon termination, the Company shall pay the Affiliate all compensation due and due for recommendations made prior to the date of termination but which have not yet been paid. Each recommendation agreement usually contains a response to requests and references to referral forms sent to you. Either party may, from time to time, refer potential customers (“prospects”) to the other party by completing and sending a recommendation form for potential customers in the form set out in Appendix A – or by advising an interested party to complete and provide it – either (a) online (b) by email, (c) by fax to the company or the recommending partner in the corresponding notification, which has been provided in this Agreement or agreed by the company or the recommendation partner. If the interested party is not an existing or former customer of the recipient and has not already been contacted by the recipient or returned to the recipient, the recipient will inform the recipient of its consent to the applicant`s recommendation within five (5) working days (by e-mail or fax to the e-mail address or fax number indicated in this Agreement).

If authorization is not granted within this period of five (5) working days, the recommendation of the potential customer is deemed rejected. The addressee is free to authorize or reject a recommendation of interest, including the resolution of disputes between two or more stakeholders, researchers or other persons. The recipient should cooperate with the recipient and, if the recipient so wishes, remain active in the recipient`s sales campaign regarding any potential recommendations and support the recipient`s solution as proposed by the potential recipient. It`s important to have a template for a recommendation agreement if this opportunity arises, but it`s just as important that you make sure your agreement is solid to avoid headaches on the other line. If you want to enter into a referral agreement with another company, you should have a contract that protects your interests. Otherwise, you risk damaging your company`s reputation through poor recommendations or unhappy customers. This article highlights seven important clauses to be included in each recommendation agreement. To manage a recommendation activity, you need to keep recommendation generation efforts active by always being on the front line and building as many touch points as possible on the way. . .