CUSTOMER REFERRAL COMMISSION AGREEMENT

February 21, 2024

CUSTOMER REFERRAL COMMISSION AGREEMENT

THIS CUSTOMER REFERRAL COMMISSION AGREEMENT (this “Agreement”) dated this _______ day of ___________, 20_____

BETWEEN:

 

PARTY A

 

Tintoy Limited Liability Company.

 

(the “Seller”)

 

 

PARTY B

 

 

 

(the “Agent”)

 

PARTY A:XXX  LLC., a XXX State corporation, with its principal place of business at XXXX (“Seller”)

PARTY B: [REAL ESTATE AGENT], a licensed real estate agent in the state of New York, with an office at [ADDRESS] (“Agent”).

WHEREAS, Seller is engaged in the business of selling furniture. accessories, and installation service for residential and commercial properties;
WHEREAS, Agent is a licensed real estate agent with knowledge of the New York City real estate market and has the ability to refer potential customers to Seller;
WHEREAS, the parties desire to establish a commission structure for referrals made by Agent to Seller;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties agree as follows:

  1. Referrals. Agent agrees to refer potential customers to Seller who may be interested in purchasing furniture, accessories, and installation service for their residential or commercial property located in XXX. Agent shall use reasonable efforts to ensure that any referrals made are of individuals who are likely to finish purchasing orders with Seller.
  2. Commission. Seller agrees to pay Agent a commission of 10% of the gross purchasing amount received by Seller from each customer referred by Agent, provided that the referred customer completes a purchasing order with Seller and pays for the order charges. The commission shall be paid to Agent on the last day of the month of Seller receiving payment from the referred customer. In the event that a referred customer cancels or returned their purchases, Seller shall have the right to deduct the commission previously paid to the Agent from any refund owed to the customer.
  3. Term. This Agreement shall commence on [DATE] and continue until terminated by either party upon thirty days’ written notice to the other party.
  4. Confidentiality. Agent agrees to keep all information regarding Seller’s business, customers, and rental rates confidential. Agent acknowledges that any disclosure of confidential information would cause significant harm to Seller’s business.
  5. Representations and Warranties. Agent represents and warrants that it is a licensed real estate agent in good standing with the New York State Department of State and that it will comply with all applicable laws, regulations, and ethical standards in connection with its activities under this Agreement. Agent further represents and warrants that it has not received and will not receive any payment or other benefit from any other party in connection with any referrals made under this Agreement, except for the commission provided for herein.
  6. Indemnification. Agent agrees to indemnify, defend, and hold harmless Seller and its officers, directors, employees, and agents from and against any and all claims, losses, damages, liabilities, and expenses (including reasonable attorneys’ fees) arising out of or in connection with Agent’s activities under this Agreement, except to the extent caused by Seller’s gross negligence or willful misconduct.
  7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect to any principles of conflicts of law.
  8. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties relating to the subject matter of this Agreement.
  9. Amendment. This Agreement may be amended only by a writing executed by both parties.
  10. Assignment. This Agreement may not be assigned by either party without the prior written consent of the other party.
  11. Notices. Any notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given (i) upon personal delivery, (ii) upon the second business day after mailing by registered or certified mail, postage prepaid, or (iii) upon receipt of electronic transmission, in each case to the parties at their respective addresses set forth below or to such other address as either party may from time to time designate in writing:

Seller: XXX  Company, XXX

Agent: [REAL ESTATE AGENT] [ADDRESS] [EMAIL ADDRESS]

  1. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
    IN WITNESS WHEREOF, the parties have executed this Customer Referral Commission Agreement as of the date first above written.

 

XXX Company
By: __________________________ (Name)

Title: __________________________

REAL ESTATE AGENT
By: __________________________ (Name)

Title: __________________________

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