INTRODUCTION AGREEMENT-2 WAY

[1st company name]

-and-

[2nd company name]

AGREEMENT FOR

THE PROVISION OF INTRODUCTIONS TO NEW BUSINESS

THIS AGREEMENT is dated [date]

BETWEEN\

[1st company name] registered in [jurisdiction] under number [company number] and whose registered office is [registered address].

[2nd company name], registered in [jurisdiction] under number [company number] and whose registered office is [registered address].

Collectively known as the Parties or individually as a Party.

IT IS AGREED as follows:

Definitions and interpretation

In this agreement (except where the context otherwise requires) the following words shall have the following meanings:

Group means any holding company or subsidiary of a company or any subsidiary of its holding company;

Introduction means the referral or introduction to EITHER Party by the other Party;

Introductory Commission means the commission described and payable by a Party under clause 2 to the other;

Introduced Client means a person or legal entity that becomes a client to a Party subsequent to an Introduction

In this agreement (except where the context otherwise requires):

any reference to a clause is to the relevant clause of this agreement;

any reference to the parties is to the parties to this Agreement;

the clause headings are included for convenience only and shall not affect the interpretation of this agreement;

use of the singular includes the plural and vice versa;

use of any gender includes the other genders;

any reference to persons includes natural persons, partnerships, companies, corporations, associations, organisations, governments and trusts (in each case whether or not having separate legal personality);

Introductions and Introductory Commission

Both Parties may from time to time make Introductions for the purpose of developing business and both Parties agree and undertake to reward the other for such Introductions in accordance with clauses 2.2, 2.3 and 2.4.

If, following the making of an Introduction, an Introduced Client engages a Party, within 12 months of the introduction, the “Engaged Part”, for the provision of its services; Engaged Party must pay to the “Introducing Party” the Introductory Commission in respect of each such Introduction.

The Introductory Commission is a sum equal to [insert percentage]% of the VAT-exclusive amount of the first year’s fees invoiced directly or indirectly by the Engaged Party for the provision of its services (plus VAT thereon).

The Introductory Commission shall become due on each date that the Engaged Party raises an invoice in respect of the work undertaken by it in respect of the Introduction or Relevant Transaction notwithstanding that such date may be after expiry of period referred to in this agreement.

Both Parties shall ensure that all invoices raised in respect of any fees on which a commission payment is due under this Agreement are raised promptly and a copy of each such invoice shall be provided to the other Party within 7 days of being raised.

Payment of the Introductory Commission shall be made to the Engaged Party within 14 days of the other Party raising its invoice in this regard.

Late or non-payment

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