Referral Agent Agreement Template for Singapore

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Key Requirements PROMPT example:

Referral Agent Agreement

"I need a Referral Agent Agreement for my Singapore-based fintech company, where we'll appoint multiple agents to refer corporate clients for our payment processing services, with a tiered commission structure based on transaction volume."

Document background
The Referral Agent Agreement is essential for businesses in Singapore seeking to formalize their referral relationships and expand their customer base through third-party intermediaries. This document is particularly relevant in the context of Singapore's highly regulated business environment, where clear documentation of commercial relationships is crucial. The agreement addresses key aspects such as commission structures, referral processes, compliance with Singapore regulations, and protection of both parties' interests. It should be tailored to specific industry requirements while maintaining alignment with Singapore's legal framework, including the Civil Law Act and relevant sector-specific regulations.
Suggested Sections

1. Parties: Identification and details of the Principal and Referral Agent

2. Background: Context of the agreement and business relationship

3. Definitions: Key terms used throughout the agreement

4. Appointment and Scope: Terms of appointment and scope of referral services

5. Referral Process: Detailed process for making and tracking referrals

6. Compensation: Fee structure and payment terms for successful referrals

7. Obligations of Parties: Key responsibilities of both Principal and Agent

8. Term and Termination: Duration and termination provisions

9. Confidentiality: Protection of confidential information

10. Governing Law: Singapore law provisions and jurisdiction

Optional Sections

1. Non-Compete: Restrictions on competitive activities - include when protecting market position is crucial

2. Intellectual Property: IP rights and usage provisions - include when referral involves branded materials or IP

3. Data Protection: PDPA compliance provisions - include when personal data is shared between parties

4. Insurance: Insurance requirements - include for high-risk industries or activities

5. Compliance: Industry-specific compliance requirements - include for regulated industries

Suggested Schedules

1. Schedule 1 - Commission Structure: Detailed breakdown of referral fees and calculations

2. Schedule 2 - Referral Process Flow: Step-by-step referral procedures and workflows

3. Schedule 3 - Approved Marketing Materials: Pre-approved content and templates for referral activities

4. Schedule 4 - Reporting Templates: Standard forms for referral tracking and reporting

5. Schedule 5 - Service Level Agreement: Performance metrics and standards for referral services

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

Clauses
Industries

Common Law of Contract: Singapore follows English common law principles for basic contract formation and enforcement

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and agency principles in Singapore

Contracts (Rights of Third Parties) Act: Governs how third parties may enforce terms of a contract to which they are not a direct party

Competition Act (Cap. 50B): Ensures referral arrangements do not constitute anti-competitive practices or unfair market behavior

Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data in referral relationships

Securities and Futures Act: Relevant if referral involves financial services or securities trading activities

Real Estate Agents Act: Applicable for property-related referral arrangements and real estate transactions

Insurance Act: Governs referral arrangements involving insurance products or services

Healthcare Services Act: Relevant for referral arrangements in the healthcare sector

Prevention of Corruption Act: Ensures referral arrangements do not constitute corrupt practices or illegal gratification

Consumer Protection (Fair Trading) Act: Protects consumer interests in referral arrangements involving consumer transactions

Electronic Transactions Act: Governs electronic execution and online aspects of referral arrangements

Employment Act: Ensures referral arrangements don't inadvertently create employment relationships

Income Tax Act: Governs taxation of referral fees and commission income

Goods and Services Tax Act: Regulates GST implications of referral fees and related transactions

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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