Free Referral Partnership Agreement

This Referral Partnership Agreement ("Agreement") is made and entered into on [Date], by and between [Your Company Name], with its principal place of business located at [Your Company Address] ("Referrer"), and

[Partner Company Name], with its principal place of business located at [Partner Company Address] ("Recipient") collectively referred to herein as the "Parties."

1. Purpose of Agreement

This Agreement serves as a formal document establishing the partnership between the Referrer and the Recipient for the explicit purpose of facilitating referrals. By delineating the roles, responsibilities, and expectations of each party, this Agreement aims to ensure a clear understanding of the terms governing the referral relationship. It provides a structured framework to streamline the referral process, fostering cooperation and mutual benefit between the parties involved.

2. Term

The term of this Agreement shall commence on the effective date set forth above and shall continue in full force and effect until terminated by either party. Throughout this Agreement, both parties commit to upholding the terms and conditions outlined herein, with the understanding that adherence to these terms is essential for the successful operation of the referral partnership. This provision ensures that the partnership remains effective and operational for the agreed-upon period, providing a stable foundation for collaboration and mutual benefit.

3. Referral Arrangement

3.1 Referrals

The Referrer agrees to actively identify and recommend potential clients, customers or leads to the Recipient, adhering to any guidelines or criteria provided by the Recipient. By leveraging their networks and expertise, the Referrer commits to facilitating introductions and opportunities that align with the Recipient's business objectives.

3.2 Acceptance

The Recipient retains sole discretion in accepting or rejecting Referrals, based on its evaluation of the suitability and potential of each referral to contribute to its business objectives. Prompt communication of the Recipient's decision regarding each Referral ensures transparency and facilitates effective coordination between the parties.

3.3 Compensation

In recognition of the Referrer's efforts and contributions, the Recipient agrees to provide compensation in the form of commissions or other benefits, as outlined in the subsequent section of this Agreement. This ensures that the Referrer is duly rewarded for their role in generating valuable opportunities for the Recipient, incentivizing continued collaboration and engagement.

4. Compensation

4.1 Commission

The Recipient shall compensate the Referrer with a predetermined commission of [Insert Amount] for each Referral that results in a qualifying transaction or action, as mutually agreed upon by the Parties. The commission structure may vary depending on the nature of the referral and the specific terms outlined in this Agreement.

4.2 Payment Terms

Payments shall be rendered to the Referrer by the agreed-upon frequency, typically within a specified period following the end of each relevant calendar month, starting from [Insert Payment Date]. By ensuring timely compensation for successful referrals, this provision incentivizes the Referrer to continue actively participating in the referral partnership, thereby driving mutual growth and success.

5. Confidentiality

The Parties acknowledge and agree to maintain the confidentiality of any proprietary or sensitive information disclosed during their partnership. This includes, but is not limited to, customer data, business strategies, financial records, and any other information deemed confidential by either party. By safeguarding such information from unauthorized disclosure or use, the Parties uphold the trust and integrity essential for effective collaboration and mutual benefit.

6. Termination

Either Party reserves the right to terminate this Agreement upon providing written notice to the other Party, subject to the terms and conditions outlined herein. Termination may occur in the event of a material breach of any provision of this Agreement or for any other reasons deemed appropriate by the terminating Party. This provision ensures that either party can exit the partnership fairly and transparently, mitigating potential conflicts and facilitating an orderly transition, if necessary. The notice period for termination shall be [Insert Notice Period] days.

7. Governing Law

This Agreement shall be governed by and construed by the laws of the [State/Country] without regard to its conflict of law provisions, ensuring consistency and legal validity. Any disputes arising from or related to this Agreement shall be exclusively resolved through arbitration in [State/Country], by the rules of the [Arbitration]. This provision establishes a clear framework for dispute resolution, promoting efficiency and fairness in addressing any disagreements that may arise during the partnership.

8. Entire Agreement

This Agreement constitutes the entire understanding and agreement between the Parties concerning the subject matter herein, superseding any prior discussions, negotiations, or agreements, whether written or oral. By consolidating the terms and conditions of their partnership into a single document, the Parties ensure clarity and certainty regarding their respective rights and obligations.

9. Amendment

Any modifications or amendments to this Agreement must be made in writing and duly signed by authorized representatives of both Parties. This provision ensures that any changes to the terms of the Agreement are formalized and documented, preventing misunderstandings or disputes arising from verbal agreements or informal arrangements.

10. Severability

If any provision of this Agreement is deemed invalid or unenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect to the fullest extent permitted by law. This provision preserves the validity and enforceability of the Agreement as a whole, notwithstanding the invalidity or unenforceability of any individual provision.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

[Representative Name]

[Partner Company Name]

[Your Name]

[Your Company Name]

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