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Agent Referral Fee Agreement

Agent Referral Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Agent Referral Fee Agreement

"I need an Agent Referral Fee Agreement for my Singapore-based real estate company that will pay 25% commission to referring agents who bring in commercial property clients, with strict compliance requirements for money laundering regulations."

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Document background
The Agent Referral Fee Agreement is essential for businesses operating in Singapore that rely on referral networks for client acquisition. This document formalizes referral arrangements between agents, protecting both parties' interests while ensuring compliance with Singapore's regulatory framework. The agreement typically includes detailed fee structures, payment terms, scope of services, and compliance requirements under the Estate Agents Act 2010 and CEA Guidelines. It's particularly important in regulated industries where referral arrangements must be transparent and properly documented.
Suggested Sections

1. Parties: Identification and details of the referring agent and recipient agent

2. Background: Context of the referral arrangement and business relationship

3. Definitions: Key terms used tHRoughout the agreement including 'Referral', 'Referral Fee', 'Territory', and 'Services'

4. Scope of Referral Arrangement: Details of referral services and territories covered

5. Referral Fee Structure: Fee calculation, payment terms, and conditions

6. Obligations of Parties: Responsibilities and duties of both parties including compliance with laws and regulations

7. Term and Termination: Duration of agreement and termination provisions

8. Confidentiality: Protection of confidential information and data privacy compliance

9. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement

Optional Sections

1. Non-Competition: Restrictions on competitive activities, typically used when protecting market territory is important

2. Marketing and Branding: Guidelines for using each party's branding and marketing materials

3. Insurance Requirements: Specific insurance coverage requirements for higher-risk referral arrangements

4. Performance Metrics: Specific targets or KPIs for measuring referral success and quality

Suggested Schedules

1. Schedule 1 - Fee Schedule: Detailed breakdown of fee structures and calculations

2. Schedule 2 - Referral Process: Step-by-step procedure for making and handling referrals

3. Schedule 3 - Territory Map: Geographic areas covered by the agreement

4. Schedule 4 - Required Forms: Standard forms for referral submission and tracking

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Definitions
Appointment
Scope of Services
Referral Process
Referral Fees
Payment Terms
Obligations of Referring Agent
Obligations of Recipient Agent
Representations and Warranties
Confidentiality
Data Protection
Non-Solicitation
Non-Competition
Intellectual Property
Term and Duration
Termination
Force Majeure
Compliance with Laws
Anti-Bribery and Corruption
Record Keeping
Audit Rights
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Variation
Waiver
Third Party Rights
Industries

Estate Agents Act 2010: Primary legislation governing real estate agents and salespersons in Singapore, covering licensing requirements, commission structures, and professional conduct standards

CEA Guidelines: Regulatory framework set by Council for Estate Agencies detailing professional standards, ethics, fee disclosure requirements, and guidelines for referral arrangements

Competition Act (Cap. 50B): Legislation governing anti-competitive practices, fair competition requirements, and price-fixing regulations in Singapore

Contract Law: Common law principles governing contract formation, terms and conditions, rights and obligations, and remedies for breach

Personal Data Protection Act 2012: Legislation governing data protection obligations, consent requirements, purpose limitation, and data transfer restrictions

AML/CTF Regulations: Regulations for prevention of money laundering and terrorist financing, including due diligence requirements, reporting obligations, and record keeping

Consumer Protection (Fair Trading) Act: Legislation protecting consumer rights and regulating fair trading practices and unfair business practices

Income Tax Act: Tax legislation governing the treatment of referral fees, GST considerations, and related reporting requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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