Document background
The Business Referral Fee Agreement is essential for organizations looking to formalize their referral partnerships in South Africa. This document is commonly used when businesses want to establish clear terms for compensating referral sources and managing ongoing referral relationships. It addresses key aspects such as referral qualification criteria, fee calculations, payment schedules, and compliance with South African regulations including the Financial Intelligence Centre Act and Consumer Protection Act. The agreement is particularly important in regulated industries where referral arrangements must be transparent and properly documented. It helps prevent disputes by clearly defining what constitutes a qualified referral, when fees become payable, and how they should be calculated and paid.
