This Commission Agreement is for use where a provider of goods or services
(the"Client") wishes to engage another to introduce new customers to the
Client (in return for a fee or commission) in order to generate more sales
and increase the Client's customer base.
An introducer differs from an agent as an introducer does not do any
selling of his Client's products or services or pass orders on to the
Client or accept any orders on behalf of the Client, but rather will refer
a potential customer on, either through simply informing him of the goods
or services provided by the Client, or by actively passing contact details
and so forth on to the Client.
Once the introduction is made, the introducer has no further role in the
relationship between the Client and the customer.
This template is designed for use where the Client does not have in mind
any one particular customer to target, but rather is simply seeking to
obtain new customers and widen its client base, or sell into a new market.
If you require an agreement which is designed for the situation where the
Client is targeting a specific customer or type of customer, you should use
one of the Introducer Agreements.
Under this agreement the introducer will receive a fee or commission for
all transactions that occur between any customer introduced by him and the
Client within a set period. This differs from the Referral Fee Agreement in
this subfolder, which instead provides for a fee to be earned only in
respect of the first transaction between the Client and the introduced
Should the introducer fail to introduce new custom, he will earn no
commission. In this respect this is a no win – no fee type agreement.
This template and the Referral Fee Agreement are less detailed than the
other agreements in this subfolder. You may therefore instead wish to use
one of the other documents in this subfolder.
This document is compliant with the GDPR (General Data Protection
Regulation) and the Data Protection Act.
This document has not been created in accordance with FSA rules or the
Financial Services and Markets Act 2000, and as such makes no reference or
commitment to abiding by them. This agreement therefore is unsuitable for
the introduction of clients for financial services, such as insurance
products or investment advice.
This Commission Agreement contains the following clauses:
1. Definitions and Interpretation
2. Appointment of Introducer
3. Introduction of Prospective Clients
4. Obligations of the Company
5. Fees and Payment
6. Relationship of the Parties
9. Data Protection
12. Nature of Agreement
13. Notices & Service
14. Set Off
Schedule 1: Commission Schedule
Schedule 2: Product Schedule
Schedule 3: Each Party's Privacy Notice
Optional phrases / clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the agreement.
This document is in open format. Either enter the requisite details in the
highlighted fields or adjust the wording to suit your purposes.
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