¶¶Òõ¶ÌÊÓƵ

This Referral Commission Agreement is designed for use in the Malaysian business environment where companies seek to formalize their referral partnerships and commission structures. It is particularly relevant when businesses want to establish a systematic approach to rewarding individuals or organizations that bring in new customers or business opportunities. The agreement complies with Malaysian legal requirements, including the Contracts Act 1950 and relevant tax regulations. It typically includes detailed provisions for referral mechanisms, commission calculations, payment terms, and compliance requirements. This document is essential for businesses operating in Malaysia that rely on referral networks for growth and want to ensure their commission arrangements are legally sound and professionally managed. The agreement also addresses key aspects such as confidentiality, data protection, and anti-corruption measures as required under Malaysian law.

1. Parties: Identification of the referring party and the company paying the commission, including full legal names, registration numbers, and addresses

2. Background: Context of the agreement, brief description of the business relationship and purpose of the referral arrangement

3. Definitions: Key terms used in the agreement including 'Referral', 'Commission', 'Successful Referral', 'Customer', and other relevant terms

4. Appointment and Scope: Terms of appointment, territory/market coverage, and whether the appointment is exclusive or non-exclusive

5. Referral Process: Detailed procedure for making referrals, including method of introduction and documentation requirements

6. Commission Structure: Commission rates, calculation method, and qualifying criteria for commission payments

7. Payment Terms: Timeline for commission payments, payment method, currency, and any applicable taxes

8. Obligations of the Referring Party: Duties, responsibilities, and conduct requirements for the referring party

9. Obligations of the Company: Company's commitments regarding referral processing and commission payments

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Confidentiality: Protection of confidential information shared during the referral process

12. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction for dispute resolution

13. General Provisions: Standard clauses including assignment, amendments, notices, and entire agreement