The Agent Referral Fee Agreement is essential for businesses operating in Singapore that rely on referral networks for client acquisition. This document formalizes referral arrangements between agents, protecting both parties' interests while ensuring compliance with Singapore's regulatory framework. The agreement typically includes detailed fee structures, payment terms, scope of services, and compliance requirements under the Estate Agents Act 2010 and CEA Guidelines. It's particularly important in regulated industries where referral arrangements must be transparent and properly documented.
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1. Parties: Identification and details of the referring agent and recipient agent
2. Background: Context of the referral arrangement and business relationship
3. Definitions: Key terms used tHRoughout the agreement including 'Referral', 'Referral Fee', 'Territory', and 'Services'
4. Scope of Referral Arrangement: Details of referral services and territories covered
5. Referral Fee Structure: Fee calculation, payment terms, and conditions
6. Obligations of Parties: Responsibilities and duties of both parties including compliance with laws and regulations
7. Term and Termination: Duration of agreement and termination provisions
8. Confidentiality: Protection of confidential information and data privacy compliance
9. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement
1. Non-Competition: Restrictions on competitive activities, typically used when protecting market territory is important
2. Marketing and Branding: Guidelines for using each party's branding and marketing materials
3. Insurance Requirements: Specific insurance coverage requirements for higher-risk referral arrangements
4. Performance Metrics: Specific targets or KPIs for measuring referral success and quality
1. Schedule 1 - Fee Schedule: Detailed breakdown of fee structures and calculations
2. Schedule 2 - Referral Process: Step-by-step procedure for making and handling referrals
3. Schedule 3 - Territory Map: Geographic areas covered by the agreement
4. Schedule 4 - Required Forms: Standard forms for referral submission and tracking
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