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Referral Fee Agreement Form

Referral Fee Agreement Form Template for Singapore

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Key Requirements PROMPT example:

Referral Fee Agreement Form

"I need a Referral Fee Agreement Form to establish a referral program with tHRee real estate agencies in Singapore, offering a 5% commission for successful property deals, starting from March 2025."

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Document background
The Referral Fee Agreement Form is essential for businesses operating in Singapore that wish to formalize their referral arrangements. This document is particularly relevant when establishing ongoing referral relationships that involve monetary compensation. It ensures compliance with Singapore's legal framework, including the Contract Act, Payment Services Act, and anti-corruption laws. The agreement typically includes specific details about referral mechanisms, fee calculations, payment terms, and the rights and obligations of all parties involved. It's designed to protect both the referrer and recipient while providing clear guidelines for the referral process.
Suggested Sections

1. Parties: Identification of the referrer and recipient, including full legal names and addresses

2. Background: Context of the referral arrangement and business relationship

3. Definitions: Key terms used tHRoughout the agreement

4. Referral Terms: Core obligations regarding referral process and requirements

5. Fee Structure: Detailed breakdown of referral fees and payment terms

6. Payment Terms: Timeline and method of payment

7. Term and Termination: Duration of agreement and termination conditions

Optional Sections

1. Non-Compete: Restrictions on competitive activities - used when protecting business interests from competition

2. Confidentiality: Protection of sensitive information - used when sharing proprietary information

3. Performance Metrics: Specific targets or requirements - used when referral fees are performance-based

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fee calculations and tiers

2. Referral Process: Step-by-step guide for making and tracking referrals

3. Contact Details: List of key contacts and communication protocols

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Industries

Contract Act 1872: Primary legislation governing contract formation, validity, and enforcement in Singapore, including requirements for offer, acceptance, and consideration

Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore, relevant for structuring payment terms in referral agreements

Prevention of Corruption Act: Key anti-corruption legislation to ensure referral fees don't constitute illegal kickbacks or corrupt practices

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data, crucial for handling referral information

Income Tax Act: Relevant for tax treatment of referral fees and necessary declarations to tax authorities

Goods and Services Tax Act: Determines GST implications on referral fee payments and required documentation

Consumer Protection (Fair Trading) Act: Ensures fair trading practices, particularly relevant if referral scheme involves consumer transactions

Securities and Futures Act: Applicable if referral involves financial products or securities trading

Currency Act: Governs monetary transactions and currency usage in Singapore

Competition Act: Ensures referral arrangements don't violate fair competition principles in the market

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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