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Referral Fee Agreement
"I need a Referral Fee Agreement for my Singapore-based real estate agency to pay 2% commission to independent property agents who refer successful buyers, starting from January 2025, with monthly payment terms and a minimum threshold of SGD 500,000 per transaction."
1. Parties: Identification and details of the referrer and referee
2. Background: Context of the referral arrangement and business relationship
3. Definitions: Key terms used throughout the agreement including 'Referral', 'Referral Fee', 'Successful Referral'
4. Referral Services: Scope and nature of referral services to be provided, including rights and obligations of both parties
5. Fee Structure: Calculation and payment terms for referral fees, including payment timeline and method
6. Term and Termination: Duration of agreement and conditions for termination or renewal
7. Confidentiality: Protection of confidential information exchanged during the referral process
8. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Non-Competition: Restrictions on competitive activities during and after the agreement term
2. Data Protection: Compliance with PDPA and handling of personal data in referrals
3. Performance Metrics: Specific targets, KPIs, and quality standards for referrals
4. Territory Restrictions: Geographical limitations and exclusive/non-exclusive territory arrangements
1. Schedule 1 - Fee Schedule: Detailed breakdown of referral fee calculations, tiers, and payment terms
2. Schedule 2 - Referral Process: Step-by-step procedure for making and tracking referrals
3. Schedule 3 - Reporting Template: Standard format for reporting referrals and calculating fees
4. Schedule 4 - Compliance Requirements: Industry-specific compliance requirements and procedures
Authors
Business Day
Commencement Date
Confidential Information
Effective Date
Force Majeure Event
Initial Term
Intellectual Property Rights
Parties
Qualified Referral
Recipient
Referral
Referral Fee
Referral Notice
Referral Period
Referral Services
Referrer
Renewal Term
Services
Singapore Dollars
Successful Referral
Term
Territory
Working Hours
Appointment
Referral Services
Referral Process
Referral Fees
Payment Terms
Obligations of Referrer
Obligations of Recipient
Representations and Warranties
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Non-Solicitation
Term and Duration
Termination
Force Majeure
Assignment
Notices
Relationship of Parties
Entire Agreement
Variation
Severability
Waiver
Third Party Rights
Costs
Counterparts
Governing Law
Dispute Resolution
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