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Broker Referral Agreement Template for Netherlands

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Key Requirements PROMPT example:

Broker Referral Agreement

"I need a Broker Referral Agreement under Dutch law for my financial advisory firm to receive client referrals from multiple investment brokers, with implementation planned for March 2025, ensuring AFM compliance and including a 20% commission structure."

Document background
The Broker Referral Agreement is essential for businesses operating in the Netherlands that wish to establish formal referral relationships between brokers or intermediaries. This document is particularly relevant in regulated sectors such as financial services, real estate, and insurance, where referral arrangements must comply with Dutch financial supervision laws (Wft) and EU regulations. The agreement needs to address specific Dutch legal requirements regarding service agreements (overeenkomst van opdracht) under the Dutch Civil Code, while also incorporating provisions for GDPR compliance and anti-money laundering regulations. It typically includes detailed sections on commission structures, service levels, compliance obligations, and professional standards specific to the Dutch market.
Suggested Sections

1. Parties: Identification of the Referring Broker and the Receiving Broker, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, explaining the nature of the broking services and the purpose of the referral arrangement

3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Referral Fee', 'Client', 'Services', and 'Territory'

4. Appointment and Scope: Details of the broker's appointment, scope of services, and any territorial restrictions

5. Referral Process: Specific procedures for making and accepting referrals, including communication methods and timeframes

6. Obligations of the Referring Broker: Duties including client introduction, information provision, and compliance with applicable laws

7. Obligations of the Receiving Broker: Responsibilities regarding referred clients, service standards, and regulatory compliance

8. Fees and Payment Terms: Structure of referral fees, calculation methods, payment timing, and invoicing procedures

9. Confidentiality: Protection of confidential information and trade secrets shared between parties

10. Data Protection: GDPR compliance measures and data handling procedures

11. Term and Termination: Duration of the agreement and circumstances for termination

12. General Provisions: Standard clauses including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Non-Compete and Non-Solicitation: Restrictions on competitive activities and client solicitation, used when parties want to protect their business interests

2. Professional Indemnity Insurance: Requirements for insurance coverage, included when dealing with regulated activities or high-value transactions

3. Quality Control: Standards and monitoring procedures, relevant when maintaining service quality is crucial

4. Marketing and Branding: Guidelines for using each other's brands and marketing materials, important when public co-branding is involved

5. Dispute Resolution: Specific procedures for handling disputes, useful for international agreements or complex arrangements

6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term or critical service arrangements

Suggested Schedules

1. Schedule 1 - Fee Structure: Detailed breakdown of referral fees, commission rates, and calculation methods

2. Schedule 2 - Referral Process Flowchart: Visual representation of the referral procedure and timeline

3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards

4. Schedule 4 - Approved Marketing Materials: Templates and guidelines for co-branded marketing

5. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms and procedures

6. Appendix B - Compliance Requirements: Regulatory requirements and compliance procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses






























Relevant Industries

Financial Services

Real Estate

Insurance

Investment Banking

Commercial Property

Business Advisory

Mortgage Lending

Asset Management

Wealth Management

Corporate Finance

Relevant Teams

Legal

Compliance

Business Development

Partnerships

Operations

Commercial

Risk Management

Client Services

Finance

Relevant Roles

Broker

Financial Advisor

Compliance Officer

Legal Counsel

Business Development Manager

Partnership Manager

Relationship Manager

Risk Manager

Operations Director

Commercial Director

Chief Executive Officer

Managing Director

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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