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Commission Referral Agreement

This agreement outlines the terms and conditions under which a referrer will receive commission for successful referrals to a company. It is suitable for businesses looking to formalize their referral programs.

Updated 15d ago
referral agreementcommissionpartnershipsalesbusiness developmentSMEAfrica

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Commission Referral Agreement

Commission Referral Agreement

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Commission Referral Agreement

This Commission Referral Agreement ('Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}} ('Effective Date'), By and Between:

{{company_name}}, a company duly incorporated under the laws of [Relevant African Country/Jurisdiction], with its principal place of business at {{company_address}} (hereinafter referred to as 'the Company');

AND

{{referrer_name}}, an individual residing at {{referrer_address}} or a company duly incorporated under the laws of [Relevant African Country/Jurisdiction], with its principal place of business at {{referrer_address}} (hereinafter referred to as 'the Referrer').

Collectively referred to as 'the Parties'.

1. Purpose of Agreement

The Company is engaged in the business of [briefly describe Company's business]. The Referrer desires to refer potential clients/customers to the Company in exchange for a commission, as set forth in this Agreement.

2. Referral Process

2.1. The Referrer shall identify and introduce potential clients/customers ('Referred Clients') to the Company.

2.2. All referrals must be submitted to the Company in writing via email to {{referral_email_address}} or through a designated referral portal, clearly identifying the Referred Client and the product/service of interest.

2.3. The Company reserves the right to accept or reject any referral in its sole discretion.

3. Commission Structure

3.1. The Company shall pay the Referrer a commission of {{commission_percentage}}% of the net revenue generated from the Referred Client's initial purchase of {{product_or_service}}.

3.2. 'Net Revenue' shall mean the total amount paid by the Referred Client to the Company, less any taxes, refunds, discounts, or chargebacks.

3.3. Commission will only be paid on completed and fully paid transactions. Repeat business from a Referred Client may be subject to a separate agreement or commission structure, if any, as agreed upon in writing by both Parties.

4. Payment Terms

4.1. Commissions will be calculated on a [e.g., monthly, quarterly] basis and paid within {{payment_days}} days of the end of the [e.g., month, quarter] in which the payment from the Referred Client is received by the Company.

4.2. Payments will be made via [e.g., electronic bank transfer, mobile money] to the Referrer's account: {{bank_account_details}}.

4.3. The Referrer is responsible for any applicable taxes on commissions earned. The Company will provide a statement of earnings for tax purposes.

5. Term and Termination

5.1. This Agreement shall commence on the Effective Date and continue until terminated by either Party.

5.2. Either Party may terminate this Agreement at any time with {{notice_period}} days' written notice to the other Party.

5.3. Upon termination, any commissions due and earned prior to the termination date will be paid in accordance with Section 4.

6. Confidentiality

Both Parties agree to keep confidential all proprietary and sensitive information exchanged during the course of this Agreement, including but not limited to business strategies, client lists, and financial data.

7. Independent Contractor Status

The Referrer is an independent contractor and not an employee, partner, or agent of the Company. The Referrer shall not have the authority to bind the Company to any obligations.

8. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of [Relevant African Country/Jurisdiction]. Any dispute arising out of or in connection with this Agreement shall be resolved through [e.g., arbitration, mediation, or the courts of said jurisdiction].

9. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral.

Signature Block

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

___________________________

{{company_name}}

By: {{company_authorized_signatory}}

Title: {{company_signatory_title}}

Date: {{date}}

___________________________

{{referrer_name}}

By: {{referrer_signature}}

Title: {{referrer_title}} (if applicable)

Date: {{date}}

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