Introducer Agreement (Finder's Fee or Commission on Referral)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🖊️ Referral agreementBusiness activity
Refer clients for a feeA referral agreement is a contract between two parties, typically a referral agent and a referral source, in which the referral agent agrees to refer potential clients to the referral source in exchange for a referral fee. The agreement sets forth the terms and conditions of the referral arrangement, including the referral fee, and is intended to protect the interests of both parties.
Under UK law, this template outlines the terms and conditions governing the relationship between the Principal and the Introducer. Specifically, it addresses the commission or finder's fee that the Introducer will receive for successfully introducing a new client or customer to the Principal, resulting in a transaction or business relationship. The agreement clearly defines the commission structure, the applicable remuneration rates, and the method of payment.
The template also includes provisions related to the responsibilities and obligations of both parties. It outlines the Introducer's duty to act in good faith, conduct due diligence on potential customers, and adhere to any relevant laws and regulations. The Principal, on the other hand, agrees to provide necessary support to the Introducer, maintain confidentiality, and inform the Introducer of any changes in the terms of the agreement.
Additionally, the template addresses important legal aspects such as intellectual property rights, termination of the agreement, and dispute resolution mechanisms. It may also include confidentiality clauses to protect sensitive information disclosed during the course of the business relationship.
Overall, the Introducer Agreement (Finder's Fee or Commission on Referral) under UK law is a comprehensive legal document that establishes a clear framework for collaboration between the Principal and the Introducer, ensuring fairness, transparency, and legal compliance in their business relationship.
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