The Consulting Referral Fee Agreement is essential for businesses operating in Singapore's professional services sector where client referrals form a significant part of business development. This document formalizes arrangements between parties where one introduces potential clients to another's consulting services in exchange for agreed-upon fees. Under Singapore law, such agreements must clearly define the scope of referral services, fee structures, and comply with relevant regulations including the Payment Services Act and Personal Data Protection Act. The agreement provides legal protection for both parties while ensuring transparency in business relationships.
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Key Requirements PROMPT example:
Consulting Referral Fee Agreement
"I need a Consulting Referral Fee Agreement under Singapore law for my technology consulting firm to pay 15% commission to independent consultants who refer new enterprise clients to us, with quarterly payments and a minimum referral threshold of $50,000."
1. Parties: Identification of the referrer and recipient entities
2. Background: Context of the referral arrangement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Referral Services: Details of referral services to be provided
5. Referral Fee Structure: Fee calculation methodology and payment terms
6. Payment Terms: Timing and method of fee payments
7. Term and Termination: Duration and termination conditions
8. Confidentiality: Protection of confidential information
9. Governing Law: Specification of Singapore law as governing law
1. Non-Competition: Restrictions on competitive activities - used when protecting market position is crucial
2. Data Protection: PDPA compliance provisions - used when personal data is involved in referrals
3. Force Majeure: Provisions for unforeseen circumstances - used when long-term arrangement is contemplated
4. Dispute Resolution: Alternative dispute resolution procedures - used for high-value or complex arrangements
1. Fee Schedule: Detailed breakdown of referral fee calculations
2. Referral Process: Step-by-step referral procedures
3. Reporting Template: Standard format for referral reporting
4. Service Level Agreement: Performance metrics and standards
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