Free Mutual Referral Agreement
A mutual referral agreement is a contract between two parties in which each party refers potential clients to the other in exchange for a mutually agreed upon referral fee.
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Suppose you own a flower shop and you know someone who owns a bakery. You and the other business owner decide to create an arrangement where you will refer customers to each other’s store and receive compensation when those referrals turn into sales. Or maybe you are a photographer and you want to set up a similar arrangement with a website designer. Either way, you can achieve your goal through a Mutual Referral Agreement.
By using a Mutual Referral Agreement, you and the other party involved both understand what is expected of one another and how each business can benefit from the arrangement. You do not have to worry about any loopholes or ambiguous terms, and both parties will have recourse for violations of the agreement.
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