Business Referral Agreement

You are viewing content for Hong Kong.

What is it?

A Business Referral Agreement is a contract that outlines how a business that refers work to another business or individual will be paid.

Why do you need it?

It makes good business sense to reward people or businesses for referring work to another business. Incentivising referrals may help bring in new clients or customers.

Rather than relying on an informal understanding, it is best to use a Business Referral Agreement that sets out how much, when, and how the referrer will be paid.

Key clauses to watch for:

When drafting a Business Referral Agreement, it is important to focus on a number of key clauses, in particular:

  • Structure of referral fees;
  • Timing and frequency for payment of referral fees; and
  • Territories covered by the referral arrangement.

This document is also sometimes called:

Referral Agreement.

Business Referral Agreement Document

Ready to get started?