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If you have any questions or would like more information regarding Introducer Agreements, please contact our Commercial Solicitors, who will be happy to assist you.
Introducer agreements are a common type of arrangement used by businesses across a variety of sectors and can play a pivotal part in not only the growth of a business but also in establishing its position in its marketplace.
Whether you are a start-up or a large, established multi-national with a substantial market share, utilising Introducers Agreements can reap benefits for your business.
Whilst the terminology of such arrangements can vary between introducer agreements, finder’s fee agreements, affiliate agreements and referral agreements, the essence of the agreement is generally always the same.
In this blog, our Commercial Solicitors look at introducer agreements in closer detail and consider some of the key points that you should bear in mind before entering into such arrangements.
Generally, an introducer agreement sets out the contractual basis on which a referrer will be paid a fee for introducing new clients or customers to the principal business.
Just like any other commercial transaction, it is strongly recommended that a well-drafted introducer agreement is entered into prior to commencing such arrangement as this can help to regulate the relationship between the parties (by clearly defining the responsibilities and obligations of each party), offer protection to both parties and ultimately reduce the risk of disputes arising.
Whilst the commercial terms agreed between the introducer and principal business can largely vary, we have set out some of the key clauses to consider below:
The Commercial Team at Myerson can help to protect your business by advising on, drafting and negotiating Introducer Agreements.
We ensure that they provide an adequate level of protection to your business by ensuring that the agreement is both legally binding and tailored to accurately reflect the arrangement between the parties.
If you have any questions or would like more information regarding Introducer Agreements, please contact our Commercial Solicitors, who will be happy to assist you.