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Issue link: https://impartner.com/resources/i/1504079
This template does not constitute legal advice, nor does it substitute for legal advice. Always consult with a legal professional before entering into any agreement or contractual obligation. REFERRAL PARTNER AGREEMENT THIS AGREEMENT ("Agreement") is made as of this _____ day of _________, 20__, by and between ___________________________________ ("Company"), and ______________________________ ("Referral Partner") each of which may be referred to as a Party and together as the Parties. SECTION 1: DEFINITIONS 1.1 "Referral" means a potential customer or client introduced or identified to the Company by the Referral Partner. 1.1.1 "Acknowledged Referral" occurs when the Company confirms in writing that the Referral has been recorded as originating from the Referral Partner. The Company reserves the right, in its sole discretion, to reject any Referral if it does not meet the Company's requirements, or if it is determined to be a pre-existing contact or lead in the Company's database, or is currently in active negotiation with the Company. 1.2 "Qualified Lead" means a Referral that fulfills all of the following criteria: • The Referral must enter into a binding agreement with the Company for the purchase of the Company's products or services; • The Company must receive the full agreed-upon payment from the Referral, in accordance with the terms of the Referral's agreement with the Company; • The Referral must not already be an existing customer of the Company, must not be in active negotiations with the Company prior to the referral, and must not have been referred by another party; • The Referral must comply with all applicable laws and regulations and must not be involved in any activity that could damage the reputation or business of the Company; and • The Referral must enter into a binding agreement with the Company within a predefined time period from the date of the referral, as agreed upon by the Parties in writing. The determination of whether a Referral is a Qualified Lead will be made by the Company in its sole discretion. The Company will notify the Referral Partner in writing upon the conversion of a Referral into a Qualified Lead. SECTION 2: DUTIES AND OBLIGATIONS 2.1 Referral Partner Duties: The Referral Partner agrees to perform the following duties: • Referral Partner will use their best efforts to promote the Company's products and services to potential customers in a professional and ethical manner; • Referral Partner will refer potential customers to the Company by providing the Company with the potential customer's name, contact information, and any other information necessary for the Company to contact the potential customer;