Summary A Commission Contract records a business agreement where one person receives a referral commission for referring or introducing customers or ‘leads’ to another person.
Why do I need a Commission Contract? A contract for commission may be used to record an arrangement where one person from time to time introduces potential customers to another person, who will be delivering goods or services, in exchange for a lead or introductory commission. A Commission Agreement provides for both once-off and recurring commissions earned from ongoing introductions or leads, and assists to set out the terms of your collaboration and relationship, including intellectual property, confidentiality, and financial arrangements.
What does the contract say? The template Commission Agreement includes: Parties; Introduction and Definitions; Relationship and Process; Intellectual Property and Confidential Information; Term and Termination; Commission; Roles and Responsibilities; Breach; Dispute Resolution; General.
What does the template look like? This template Commission Contract can be printed onto six pages.
What do you need to do to use the agreement?
- Read the template Commission Agreement to ensure that it suits your requirements. Make changes as required.
- Ensure that the blanks have been filled in, including details of the commission calculation in clause 6.
Lead Commission Agreements – what other documents do I need? When you’re entering into an agreement with a business associate it is recommended that you get a Confidentiality Agreement signed. (Also known as a Non-Disclosure Agreement)
Also known as: Lead Commission Agreement; Commission Contract; Introductory Commission Contract
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