This agreement was not established in accordance with the rules of the ACF or the Financial Services and Markets Act 2000 and therefore does not undertake to comply with it. This agreement is therefore unsuitable for the introduction of clients for financial services such as insurance products or investment advice. Agents distinguish themselves from agents by not selling or transmitting orders or by accepting orders on behalf of the other party. They only refer potential customers to the supplier. Once the introduction is completed, the importer no longer plays any role in the relationship between the supplier and the potential customer. Pay commissions to your business partners as part of this simple but flexible commission agreement. The contract is an indeterminate agreement whereby each party can terminate it with a period of 30 days, but the commission continues to be paid for an agreed period after termination. This is necessary to protect the importer from loss of commissions when the contract is terminated by the service provider, shortly after it has received a valid implementation. Duration. The agreement should say when it starts and ends and what happens to the introductions that will be successful after the end of the agreement.
In addition, we publish several variants of this agreement: roles of the parties. One will organize initiations of certain types of clients or contacts with the other. This may mean that one party makes marketing literature available to the other party. We also have a shorter commission agreement, document A132 3. BS.COM.04A Introducer Agreement (Ongoing Business Relationship – Fixed Fee – Commission) – developed for the same scenario as BS.COM.04, but includes the payment of a percentage commission for transactions that lead to the establishment of the current business relationship between the supplier and the imported customer instead of fixed fees. A fixed fee remains due for the introduction itself and for the opening of the current business relationship. The agreement is prepared in the form of a letter that will be written on the company`s headprint offering initiations. In our Recommendation Partnership Agreement, you will find a document specifically related to customer introductions that covers the relationship between a service provider and a referral partner in general.