Two Way Referral Agreement

That`s all! This list is not exhaustive, but it will be a great start. Keep your recommendation agreement simple and easy to understand, and you`ll be on track to grow your customers. 6. Resignation. This agreement may be denounced at any time by one of the contracting parties after a written notification to the other party. After the termination, the Company will pay the Affiliate all compensation due and due for transfers made before the termination date, but which have not yet been paid. There should be a clause that will allow you, or the other company, to give the other company a license to use the relevant intellectual property rights. With a license, you can use another company`s marketing resources to make successful recommendations. Each recommendation agreement usually contains a response to requests and references to the decision forms sent to you. It contains information from you who gave your consent to the parties who gave you the recommendation. Below are some steps to establish your model of recommendation agreement: For example, a contractor and a painter have a recommendation agreement.

The owner (the referent) refers his clients to a painter (the referee). The owner receives a fee for each client he relates to the painter. The referral agreement should indicate the duration of the agreement. You may prefer agreement one: companies that make recommendations should inform customers that their data can be passed on to third parties. Ideally, you should notify customers before entering personal information into online forms, for example. B the inclusion of a box option to be seen, so that customers confirm that their data can be transmitted to third parties. If you reach a recommendation agreement with other companies, be sure to create a document to protect your interests. Without any others, you risk damaging your company`s reputation by disgruntled customers or poor recommendations. Here are the important clauses that you should include in your recommendation agreement: 2nd recommendation agreement. After the effective date of this Agreement, the Affiliate may, from time to time, refer potential customers to the company. The company pays a fee to the affiliate for these recommendations.

On the other hand, a short-term agreement may be appropriate if you are working with a company to promote a critical event over time. You want to avoid any customer dissatisfaction if they have discovered that third parties have contacted them based on information you have communicated to your referral partners without their knowledge. Thus, party A in its weekly health bulletin advertises membership in Part B. A Party A customer enters a recommendation code number when they sign up for the gym membership newsletter. The recommendation code lets Part B know that the referral came from Part A. You can promote a special deal from your referral partner on your website.B.