Entering into a referral agreement has financial benefits to both parties. An Agent can earn income without the need to carry inventory or provide a service and a Company can increase their footprint in the marketplace at a lower overhead cost by paying for results only.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only.
Nebraska Referral Agreement for Sale of Automobile is a legally binding contract that outlines the terms and conditions for referring potential buyers to automobile dealerships in the state of Nebraska. This agreement serves as a valuable tool for individuals or businesses who wish to earn commissions by referring customers interested in purchasing vehicles. The Nebraska Referral Agreement for Sale of Automobile typically includes the following key elements: 1. Parties Involved: This section identifies the parties entering into the agreement, including the referrer (referred to as the "referrer" or "referring party") and the automobile dealership (referred to as the "dealer" or "receiving party"). 2. Referral Fee: The agreement clearly specifies the referral fee or commission that the referrer will receive for successfully referring a customer who completes the purchase of an automobile from the dealer. This fee is typically a percentage of the vehicle's sale price or a predetermined amount agreed upon by both parties. 3. Exclusivity: Some Nebraska Referral Agreements for Sale of Automobile may include an exclusivity clause. This provision restricts the referrer from referring potential buyers to any other dealership, thus granting the dealer exclusivity over the referrer's referrals within a specified geographical area or for a certain period. 4. Referral Process: The agreement outlines the procedure for referring potential buyers. It may include guidelines for providing the dealer with necessary lead information, such as the customer's name, contact details, and any specific vehicle preferences or requirements. 5. Confidentiality: To protect the dealer's business interests, the Nebraska Referral Agreement may include a confidentiality clause, making it clear that the referrer maintains the confidentiality of any proprietary or sensitive information shared during the referral process. 6. Term and Termination: The agreement specifies the duration for which it will remain in effect, often referred to as the "term." Additionally, it outlines the conditions under which either party can terminate the agreement, such as breach of contract, mutual consent, or expiration of the term. Types of Nebraska Referral Agreements for Sale of Automobile may vary based on their scope and specific terms. For instance: 1. Exclusive Referral Agreement: This type of agreement grants the dealer exclusive rights to the referrer's referrals within a defined geographical area or for a specific period. 2. Non-exclusive Referral Agreement: Unlike an exclusive agreement, a non-exclusive referral agreement allows the referrer to refer potential buyers to multiple dealerships simultaneously. Before entering into a Nebraska Referral Agreement for Sale of Automobile, it is crucial for both parties to carefully review and understand its terms, seeking legal advice if necessary. By doing so, the agreement facilitates a mutually beneficial relationship between the referrer and the dealer, leading to increased sales and revenue for the dealership and commission earnings for the referrer.
