A recommendation agreement is an agreement between companies or individuals who refer or refer potential customers to the other party in exchange for some form of compensation for removal. Typically, an officer is called a merit period, a set period beginning with the date of a recommendation. If a sale takes place before the end of the production period, the commission is earned. You must decide how long the salary period will be. This agreement should not be used where the commissions paid relate to the supply of physical goods; nor should it be used for relationships under Agency law. 1. What is the relationship between you and the party that makes recommendations to you? That`s all! This list is not exhaustive, but it will be a great start. Keep your recommendation agreement simple and easy to understand, and you`ll be on track to grow your customers. 3. Compensation.
The Company pays the Affiliate for any successful recommendation if a successful recommendation is defined as a recommendation that becomes a customer/customer of the company. The company pays the Affiliate for any unsuccessful recommendation if an unsuccessful recommendation is defined as a valid candidate for the recommendation that does not become a customer of the entity without the fault of an affiliate or company; and a valid candidate for the recommendation is a potential client/customer who meets the specifications set out in Section 1. The Company will pay the Affiliate within 30 days of a recommendation if a recommendation is the new/client`s commitment or a definitive action that the recommendation does not become a new customer/client. The essential elements of a referral agreement include: the scope of referral services provided; Transfer fees Removal procedures; termination; Relationships between the parties Non-competitors Non-invitation; Protection of the parties` confidential information. A recommendation agreement may include reciprocal referral clauses. It may also contain a number of other assistance clauses, including dispute resolution; attribution; Fees and allowances. It`s a big one. A qualified recommendation is a business manager who has already been reviewed and communicated by your agent. On the other hand, an unqualified recommendation may be as little as a name or phone number. If you only want a list of potential stakeholders, all you need is unqualified recommendations. However, if you are looking for qualified leads, be sure to specify it.
GoCardless` recommendation program allows you to obtain a one-time fee for transferring new customers to GoCardless. This “agreement” (terms of reference below) sets out the conditions for our recommendation program. Participation in the recommendation program is only by invitation and you must accept the terms of this agreement. If you do not agree to the terms of this agreement, you cannot participate in our recommendations program. They should define the relationship as an agreement between independent contractors. You are the sponsor and your referent is the agent. Both the referring party and the party requesting evictions sign the removal agreement. The recommendation program is the GoCardless Recommendation Program; 2.