Commission Agreement - reciprocal

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Commission Agreement - Reciprocal

Summary

The Commission Agreement records an agreement whereby parties receive commissions for introducing customers or “leads” to each other.

Detail

Who should use this Commission Agreement?

Where one person introduces potential customers to another person who will be delivering goods or services in exchange for a lead or introductory commission, then this Lead Commission Agreement can be used to record the agreement between the parties. Note that this agreement applies where the commission arrangement is a reciprocal one. Where one person is referring leads to a person, but not receiving leads from that person, then the Commission Agreement – one way is recommended.

What does the Commission Agreement say?

The Agreement:

Generally defines the roles of both the person identifying or sourcing customers, and the person delivering the goods or services
Provides for protection of confidential information
Sets out the rights of termination of the contract
Sets out the commission calculation in the event of either once-off sales, or recurring (for example monthly / retainer) sales.
Provides for dispute resolution

What does the Commission Agreement look like?

The agreement can be printed onto two A4 pages

What do you need to do to use the Commission Agreement?

Read the document to ensure that it suits your requirements. Make changes as required.
Complete both parties’ details (names and addresses) in clause 1
Briefly state the nature of goods or services offered by each party in clause 2
Complete the commission structure in clauses 6 and 7.
Get both parties to sign the document.

Also known as: