Business Referral Agreement Sample

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As a business owner, forming partnerships with other business owners can be a great way to expand your network and bring in new clients. However, it’s important to have a clear agreement in place to protect both parties involved in the referral process. This is where a business referral agreement comes in.

A business referral agreement is a legal document that outlines the terms and conditions of a referral partnership between two or more businesses. This document not only establishes the terms of the referral program but also lays out the rights and responsibilities of each party involved.

Here is a sample business referral agreement that can serve as a starting point for your business:

Introduction:

The purpose of this agreement is to establish a referral program between [Business Name 1] and [Business Name 2]. By signing this agreement, both parties agree to the terms and conditions outlined herein.

Terms:

– [Business Name 1] agrees to refer clients to [Business Name 2] for services that [Business Name 2] provides.

– [Business Name 2] agrees to pay a referral fee of [X% or fixed dollar amount] for any client referred by [Business Name 1] who signs a contract for services.

– The referral fee will be paid within [number of days] of the referred client signing a contract with [Business Name 2].

– [Business Name 1] agrees to notify [Business Name 2] of any clients referred within [timeframe].

– [Business Name 2] agrees to provide [Business Name 1] with materials and information necessary to effectively refer clients.

– This agreement will remain in effect for [timeframe], unless terminated earlier by either party.

Responsibilities:

– [Business Name 1] is responsible for ensuring that any referrals made are within the scope of services provided by [Business Name 2].

– [Business Name 2] is responsible for delivering services to referred clients in a professional and timely manner.

– Both parties agree to maintain confidentiality of any information shared during the referral process.

– Both parties agree to comply with all applicable laws and regulations related to this agreement.

Conclusion:

By signing below, both parties acknowledge that they have read and agree to the terms and conditions outlined in this business referral agreement. Any changes to this agreement must be made in writing and signed by both parties.

Having a business referral agreement in place can help protect your business and provide clarity for all parties involved. This sample agreement can be customized to fit the specific needs of your business referral partnership.