A referral agreement is an official partnership between two companies where customers or clients are referred to the other side for a prize by one group. Referral agreement templates are used in the making of such contracts. These agreements are of various kinds depending on their purpose. Good referrals are generally a source of valuable returns and profit for businesses.
The first stage of preparing a referral agreement form is to define the sides or parties involved in the contract. One party is supposed to provide or produce the referral while the other is supposed to receive it. The contract should identify who the referer is and who the referee is.
The first and foremost thing to do while making the agreement is to give the form a title. Then provide the date of drafting the agreement. The names of both the parties should be written in bold at the top of the page. Then you need to provide the addresses, proper contact information and other required personal details.
The primary part of making any agreement is to identify and discuss the necessary provisions to be put in the agreement. These clauses can be discussed and negotiated by the two parties. As the party drafting the agreement, you need to make sure that the other party doesn’t find a loophole in the agreement.
Providing or including an exclusivity clause in the agreement would prevent your referral associate from making comparable agreements with other companies. On the other hand, the clause would also offer the option to the other side if they want to prevent you from getting into other agreements.
How long will your agreement last? This defines the term of the agreement which should be provided clearly in the agreement. Your agreement can be a short term arrangement for over two years or more, or it can be a long term arrangement where the contract will be terminated only when one party wishes so.
Next, you need to define the process in which the referral will occur. Normally people choose for the other party to provide the details of the referral through email. Online referral processes are also available where clients can register for referrals.
Once everything to be included is final, a rough draft can be prepared based on them. If both sides are satisfied with the draft, it can be printed out as the final agreement. In the end, provide spaces for putting the signature and date of both parties. This step is very important as without it there is no way to prove that both parties acknowledge and comply with the agreement.
If you want another party of your choice to make referrals of clients to your company, you need to draft an agreement for it. Make use of this referral agreement template to help you in your task. With this template, you can make your agreements in Word, Google Docs, or Pages. The template can be downloaded and worked on in both Mac and Windows Operating Systems.
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File FormatDo you want more customers for your business? Then know this that referrals are the easiest way to get them. Ask other businesses for such referrals by making an official referral agreement with the help of this agreement file. To sue this file, you can download it in PDF format.
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File FormatWhen making a referral agreement, besides the regular clauses it is always advised to include a sperate section for the commission being provided by the referral. To make such an agreement you can use this referral agreement sample template. The file is very simple and easy to use. The provided content can also be edited according to needs.
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