As businesses grow, they often seek new ways to expand their reach and find new customers. One effective way to achieve this is through referral partnerships. Referral partnerships are agreements between two businesses to refer customers to each other. This can be a win-win situation for both businesses, as it allows them to expand their customer base without the expense of traditional advertising.

If you`re considering entering into a referral partnership with another business, it`s essential to have a clear and effective agreement in place. This is where a referral partnership agreement sample can come in handy.

A referral partnership agreement outlines the terms of the partnership, including what each business is responsible for, how referrals are made, and how any revenue from referrals will be shared. Having a written agreement in place can help to prevent misunderstandings and ensure that each party understands their obligations.

Here is a sample referral partnership agreement template to get you started:

Introduction:

This referral partnership agreement (the “Agreement”) is entered into by [Business A] and [Business B] (collectively, the “Parties”) on [date].

Purpose:

The Parties agree to refer customers to each other in order to expand their respective customer bases.

Terms:

1. Referrals:

Each party agrees to refer customers to the other party in accordance with the following terms:

– Referrals must be made in writing or electronically;

– Referrals must include the contact information of the referred customer;

– Referrals may not be made to existing customers of either party.

2. Obligations of Business A:

– Business A agrees to provide [description of product/service] to referred customers.

– Business A agrees to pay Business B [percentage or dollar amount] of revenue generated from referred customers.

3. Obligations of Business B:

– Business B agrees to provide [description of product/service] to referred customers.

– Business B agrees to pay Business A [percentage or dollar amount] of revenue generated from referred customers.

4. Term:

This Agreement shall remain in effect for [term] unless terminated by either party upon [notice period] written notice.

5. Confidentiality:

The Parties agree to keep all information exchanged in connection with this Agreement confidential and to use such information only for the purposes of carrying out this Agreement.

6. Governing Law:

This Agreement shall be governed by and construed in accordance with the laws of the State of [state].

7. Entire Agreement:

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.

Conclusion:

By signing below, the Parties agree to the terms of this Agreement.

[Signature block for Business A]

[Signature block for Business B]

In conclusion, a referral partnership agreement sample can be a valuable tool in establishing a clear and effective partnership. By outlining the terms of the agreement, each party can ensure their expectations are met and avoid any potential misunderstandings. Remember to have a lawyer review the agreement before signing to ensure it meets all legal requirements and protects your interests.