The Buyer Referral Agreement is essential for businesses in Singapore seeking to formalize their referral partnerships and expand their customer base tHRough third-party referrers. This document outlines the complete referral relationship, including commission structures, payment terms, referral processes, and compliance requirements under Singapore law. It protects both parties' interests while ensuring transparency in the referral process and compliance with local regulations, particularly important in Singapore's highly regulated business environment.
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Key Requirements PROMPT example:
Buyer Referral Agreement
"I need a Buyer Referral Agreement for my Singapore-based software company to engage independent sales agents who will refer enterprise customers to us, with a tiered commission structure starting from March 2025 and including strict data protection provisions."
1. Parties: Identifies and defines the contracting parties - the referrer and the business receiving referrals
2. Background: Explains the context and purpose of the referral arrangement and the parties' intentions
3. Definitions: Defines key terms used tHRoughout the agreement including 'Referral', 'Commission', 'Qualified Lead', etc.
4. Referral Terms: Outlines the referral process, obligations, and responsibilities of both parties
5. Commission Structure: Details the fee arrangement, payment terms, conditions for commission, and payment schedule
6. Confidentiality: Specifies confidentiality obligations regarding business information and referral data
7. Term and Termination: Specifies agreement duration, renewal terms, and termination provisions
8. Governing Law: Specifies Singapore law as governing law and jurisdiction for disputes
1. Non-Compete: Restrictions on competitive activities and duration of such restrictions
2. Training and Support: Details of any training, resources, or support provided to the referrer
3. Marketing Guidelines: Rules and restrictions for marketing and promotion of the referral arrangement
4. Data Protection: Specific PDPA compliance measures and data handling requirements
1. Commission Schedule: Detailed breakdown of commission rates, tiers, and calculation methods
2. Referral Process Flow: Detailed step-by-step procedure for making and processing referrals
3. Required Documentation: List of documents and forms required for processing referrals
4. Approved Marketing Materials: Templates and guidelines for approved marketing communications
Authors
Relevant legal definitions
Clauses
Appointment
Referral Process
Commission Structure
Payment Terms
Obligations of Referrer
Obligations of Company
Confidentiality
Intellectual Property
Data Protection
Non-Compete
Non-Solicitation
Representations and Warranties
Indemnification
Term and Termination
Force Majeure
Assignment
Dispute Resolution
Governing Law
Entire Agreement
Severability
Referral Process
Commission Structure
Payment Terms
Obligations of Referrer
Obligations of Company
Confidentiality
Intellectual Property
Data Protection
Non-Compete
Non-Solicitation
Representations and Warranties
Indemnification
Term and Termination
Force Majeure
Assignment
Dispute Resolution
Governing Law
Entire Agreement
Severability
Relevant Industries
Relevant Teams
Relevant Roles
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