The Virginia Form — Web Linking Referral Fee Agreement is a legally binding document used in business agreements between website owners or operators looking to generate referral traffic and potential customers for other businesses. This agreement outlines the terms and conditions under which the referring website will be compensated for each successful referral made. This agreement is commonly utilized in Virginia, where web linking referral programs are popular strategies to enhance online presence, drive traffic, and generate leads. The Virginia Form — Web Linking Referral Fee Agreement ensures that all parties involved understand their rights, responsibilities, and obligations in such a program. The content of the Virginia Form — Web Linking Referral Fee Agreement typically includes: 1. Parties Involved: Clearly states the names, addresses, and contact information for the referring website owner/operator (referred to as the Referrer) and the business being referred (referred to as the Referral Business). 2. Purpose: Explains the purpose of the agreement, which is to establish a referral program in which the Referrer will direct traffic or potential customers to the Referral Business in exchange for compensation. 3. Terms and Conditions: Outlines the specific terms and conditions that both parties must adhere to. This includes the referral process, payment schedule, eligibility requirements, and any restrictions or limitations on referrals. 4. Referral Fee: Describes how the referral fee will be calculated, whether it's a fixed amount per successful referral, a percentage of sales generated, or another agreed-upon method. It also specifies the payment method and frequency. 5. Confidentiality: Includes a section addressing the confidentiality of any business information shared during the referral process, ensuring that both parties will protect each other's proprietary or sensitive information. 6. Intellectual Property: Clarifies the ownership and use of intellectual property, trademarks, logos, and copyrighted material associated with the Referring Website and the Referral Business. 7. Term and Termination: Specifies the duration of the agreement and circumstances under which either party can terminate the agreement. It may also include provisions for renewals or extensions. Different types of Virginia Form — Web Linking Referral Fee Agreements can vary depending on the nature of the businesses involved and the specific terms negotiated between parties. For instance, one form may be tailored for referrals in the retail industry, while another might be designed for service-based businesses. However, all variations of this agreement ultimately aim to establish a legal framework for the referral program, ensuring fair compensation and protection for both parties.