A Wisconsin Referral Agreement is a legally binding contract entered into between two parties, where one party agrees to refer potential customers or clients to the other party in exchange for a referral fee or commission. This type of agreement is commonly used in various industries and professions, such as real estate, legal services, medical services, and insurance. The purpose of a Wisconsin Referral Agreement is to formalize the referral relationship and establish the terms and conditions under which referrals will be made. It outlines the obligations and responsibilities of both parties involved, ensuring clarity and protection for all parties involved. The agreement typically includes key provisions such as the names and contact information of both parties, the scope of the referral relationship, the referral fee structure, payment terms, and conditions for terminating the agreement. It may also include clauses regarding confidentiality, non-solicitation, and non-compete to protect the interests of the parties involved. There are different types of Wisconsin Referral Agreements, depending on the industry or profession involved. For example, in the real estate industry, there may be agreements specific to referring buyers, sellers, or tenants. In the legal profession, referral agreements may be tailored for referring specific types of legal cases or clients. Similarly, medical professionals may have agreements focused on referrals for specific medical treatments or procedures. It is essential for both parties to understand the specific requirements and regulations applicable to their industry when drafting a Wisconsin Referral Agreement. Adherence to any specific industry regulations and compliance with state laws is crucial to ensure the agreement's enforceability and legality. Overall, a Wisconsin Referral Agreement serves as a comprehensive arrangement that governs the relationship between referring and receiving parties, providing a framework for fair and equitable compensation for the referral services rendered.