Commission Agreement Template - Once Off - South Africa
Once-off
Summary A Commission Agreement records a business arrangement where a person receives a commission payment for introducing a customer or giving a once-off lead or referral. The template agreement sets out the parties' rights and obligations, including the calculation and payment terms of the commission.
Why do I need an agreement for commission? A Commission Agreement is used to record an agreement between two parties where one person introduces or refers a potential customer to another person, who will be delivering goods or services, in exchange for a lead or introductory commission. A contract for the introductory commission provides for the payment of the referral commission that is earned from the once-off introduction or lead. A written contract assists in setting out the terms of your collaboration and relationship, including intellectual property, confidentiality, and financial arrangements.
This Commission Contract is intended to be used with a specific, once-off lead or referral. If you need a contract for recurring commissions, earned for future but as yet undetermined leads, then have a look at our One-Way Commission Agreement or Reciprocal Commission Agreement.
What does the Lead Commission Contract say?
This template commission document covers: 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 Lead Commission Contract can be printed onto six pages.
What do you need to do to use the template?
- Read the agreement to ensure that it suits your requirements. Make changes as required.
- Describe the nature of goods or services offered by Supplier.
- Describe the opportunity / client.
- Complete both parties’ details (names and addresses), with the person supplying the goods or services as the Supplier, and the person introducing the customer as the Associate.
- Ensure that the blanks have been filled in, including details of the commission calculation.
- Get both parties to sign the document.
Lead Commission Agreements – what other documents do I need? When you’re entering into a collaboration 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; Lead Commission Contract; Introductory Commission Contract
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