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The Referral Compensation Agreement serves as a formal legal framework for businesses operating in India who wish to establish structured referral partnerships. This document is essential when companies seek to expand their business through referral networks while ensuring compliance with Indian legal requirements. It is commonly used when businesses want to incentivize external parties to refer potential clients or business opportunities, establishing clear terms for compensation and process flows. The agreement addresses key aspects such as referral qualification criteria, commission structures, payment terms, and compliance with Indian tax regulations and anti-corruption laws. This document type is particularly relevant in today's interconnected business environment where formal referral networks are increasingly important for business growth and market expansion.

1. Parties: Identifies and provides full details of the parties entering into the agreement - the referrer and the company receiving referrals

2. Background: Explains the context of the agreement, including the business relationship and purpose of the referral arrangement

3. Definitions: Defines key terms used throughout the agreement, including 'Qualified Referral', 'Referral Fee', 'Successful Conversion', etc.

4. Scope of Referral Services: Outlines the nature of referrals to be made and the specific products/services covered under the agreement

5. Referral Process: Details the procedure for making referrals, including communication methods and information requirements

6. Compensation Structure: Specifies the referral fee calculation method, payment terms, and conditions for earning compensation

7. Payment Terms: Outlines payment frequency, method, currency, and any conditions precedent to payment

8. Obligations of Parties: Lists the specific duties and responsibilities of both the referrer and the company

9. Term and Termination: Specifies the duration of the agreement and conditions for termination

10. Confidentiality: Covers the treatment of confidential information shared during the referral process

11. Representations and Warranties: States the promises and guarantees made by each party

12. Governing Law and Jurisdiction: Specifies that Indian law governs the agreement and establishes jurisdiction for dispute resolution