Mutual Recipient Referral Agreement
When you and your biz bestie can’t stop saying great things about each other, it’s time to set up a Mutual Recipient Referral Agreement. Build recurring revenue and profit while helping more people discover the businesses you love.
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Why You Need This?
Our Mutual Recipient Referral Agreement is ideal when two parties (individual or company) are striking up a referral structure with each other. This can be a percentage of sales, a set dollar amount, or another form of compensation. You get referrals, your favorite business owner gets referrals, and your clients and customers get connected with the best in business. Everybody wins!
This Agreement protects both parties.. If you need an Agreement that protects only the Referral Recipient, consider the Recipient Referral Agreement.
Who can use this?
The Mutual Recipient Referral Agreement is Agreement is used between two parties (individual or company) to summarize a referral structure, where Person A refers a third party (person or company) to Person B in return for a referral fee payment from Person B. This can be a percentage of sales, a set dollar amount, or another form of compensation. This can also be mutual where both parties are referring back and forth between each other.
For example, a web designer (Company A) might refer one of their clients (the third party) to a marketing agency (Company B). When the client signs a contract with the marketing agency, the marketing agency then gives the agreed upon referral payment to the web designer for the successful referral. When the marketing agency refers their clients to the web designer, they will also collect a referral fee from the web designer.
The Mutual Recipient Referral Agreement is different from a Joint Venture/Partnership Agreement because a Referring party doesn’t own a portion of the Company or isn’t creating an equal partnership. The Referrer is just referring potential Clients to the Company in return for Referral fees. In contrast, a partner will have more responsibilities and obligations in the partnership.
The Mutual Recipient Referral Agreement is different from a Brand Ambassador Agreement because the Brand Ambassador is just providing publicity and links to the Company’s products and services in return for payment. The Referrer will usually provide a direct, personal introduction or contact to the Company to obtain the referral fees without any publicity.
The Mutual Recipient Referral Agreement is different from a Recipient Referral Agreement because the Mutual Recipient Referral Agreement is mutual and both parties may be compensated with Referral Fees if each sends referrals, not JUST the Recipient.
The Mutual Recipient Referral Agreement is different from an Affiliate Agreement because a Referral may be exclusive; an Affiliate may or may not be exclusive. Usually an Affiliate provides links directly to the Company’s products or services for payment. A Referring Party will usually provide a direct, personal introduction or contact to the Company to obtain the referral fees.
Mutual Recipient Referral Agreement
A MUTUAL RECIPIENT REFERRAL AGREEMENT is an Agreement that Person A (Sender) refers a third party potential Client (person or company) to Person B (Recipient) in return for a referral fee payment from Recipient.This is a FULL agreement that protects both parties in both roles as Sender and Recipient.