Document background
The Agency Referral Agreement is essential for businesses operating in Hong Kong's interconnected commercial environment where formal referral networks are crucial for growth and market expansion. This document is typically used when a business wishes to establish a structured relationship with individuals or entities capable of referring potential clients or business opportunities. The agreement addresses key aspects required under Hong Kong law, including detailed referral processes, compensation structures, and compliance with relevant ordinances such as data privacy and competition laws. It provides legal protection for both parties while ensuring clarity in the referral relationship. The document is particularly important in regulated industries where formal documentation of referral arrangements is mandatory, and it helps manage risks associated with third-party referrals while establishing clear performance expectations and payment terms.
