A Business Referral Agreement is a legal document that outlines how a business that refers work to another company or individual will be paid.
It makes good business sense to reward people or businesses that refer work to other companies. Businesses can use this agreement if they want to pay a broker to bring in new clients or customers.
Rather than relying on an informal arrangement, it is best to use a Business Referral Agreement that sets out how much, when, and how the referrer will be paid.
When drafting a Business Referral Agreement, it is important to focus on a number of key clauses, in particular: