You need to decide the duration of the earn-out. As with any contract or contract, make sure it meets your needs and expectations. A well-crafted contract can protect you, grow your business and show that you are established and professional. If you enter into a referral agreement with other companies, be sure to create a document to protect your interests. Without one of them, you risk damaging your company`s reputation due to unhappy customers or poor recommendations. Here are the important clauses you should include in your proposed recommendation agreement: Recommendation agreements can be complicated and take many forms, but a good agreement will always have some essential clauses. Be sure to define and answer these key questions: 1. What is the relationship between you and the party giving you recommendations? 4. Act only as a discoverer; Non-exclusivity. It goes without saying that the addressee of the recommendation acts only as a discoverer and is not entitled to conclude agreements, commitments or obligations on behalf of the addressee or to negotiate with the addressee the terms of the agreements concluded by the interested parties.
The recipient acknowledges that the recipient may enter into recommendation agreements or other similar agreements with other parties and that, under these agreements, the referenced has no rights or costs for customers that have been returned to the recipient by others or identified by the recipient himself. 6. Insurance and Warranties. Any speaker and company represents and warrants that: (i) it has the right to enter into this Agreement and to grant the rights and licenses granted therein; (ii) is not a party to any agreement, contract or agreement that would prevent, restrict or impede the performance of this Agreement; (iii) do not enter into, during the lifetime, contracts, agreements or arrangements which would be contrary to or which would be pre-existing in the full performance of the obligations or subsidies contained therein; and (iv) it is not a party to any outstanding claims or disputes that may affect the performance of this Agreement. . . .