What changed in SourceX's published November 2026 referral terms?
Version 2026-11-04 is the text partners are measured against now. Its change log, §11, records five changes after version 2026-10-12.2, repeated in the dated section below; the latest is the 2026 reward structure. This guide sets out what the current version says, clause by clause, and where your signed documents can differ, because that comparison decides a reward.
Six points are the ones most often misread, including in older summaries:
- The partner agreement has a new title. §1 requires partners to "sign the SourceX Channel Partner Agreement before submitting introductions." §9: "Agreements signed under its earlier title, the Channel Partner Non-Circumvention and Non-Disclosure Agreement, remain in force as signed."
- Earlier contact makes a duplicate. §3: "A relationship includes any earlier lead, account or email correspondence between SourceX and the company, however it began." Such a company is not credited to a later partner.
- The deadline starts at the later of acceptance and handoff. §5: "The payment deadline is 60 calendar days after the later of (a) the Acquisition Partner's final written acceptance of the complete, validated dataset for the qualifying transaction and (b) completed handoff of that complete, validated and approved dataset to that Acquisition Partner." If a condition is still outstanding at the deadline, "no new 60-day period begins."
- The base is what the company is actually paid. §4 now defines Actual Supplier Payout in Schedule A's words as "compensation actually paid to the supplier for selected data that reaches Closing and the qualifying completed handoff under the applicable supplier licensing agreement." "The reward is not calculated on SourceX's fees or revenue."
- There is no cap, and the floor applies once. §4: for a company's first qualifying transaction the reward is "the greater of USD 50,000 plus 5% of Actual Supplier Payout and 15% of Actual Supplier Payout"; each further qualifying transaction first agreed within the twelve-month Repeat Window pays 15%. "There is no cap on the reward, on the number of qualifying transactions or on total rewards." A transaction qualifies only from USD 100,000 of Actual Supplier Payout unless SourceX agrees in writing, and the USD 50,000 floor "applies once per referred company."
- A refund alone does not cut the reward. §6: "An Acquisition Partner refund or chargeback alone does not reduce the reward unless it also reduces the supplier payout." A reduced supplier payout does reduce it, as the worked example below shows.
What changed since 2026-10-12.2
Checked 2026-11-04 against §11 of version 2026-11-04. The table repeats the terms' own change log and nothing else; it is not a redline.
| Version | Change recorded in §11 |
|---|---|
| 2026-10-19 | The agreement partners sign is the Channel Partner Agreement (version 2026-10-19) |
| 2026-10-21 | Section 3 states what counts as an existing relationship with SourceX |
| 2026-10-22 | Section 5 states the payment deadline and conditions in the words of the Channel Partner Agreement's Schedule A, and section 9 links an unsigned sample of the agreement |
| 2026-10-22.2 | Section 4 defines Actual Supplier Payout in the words of the Channel Partner Agreement's Schedule A 3 |
| 2026-11-04 | Section 4 states the reward structure of Channel Partner Agreement version 2026-11-04 (the greater of USD 50,000 plus 5% and 15% of Actual Supplier Payout, no cap, USD 100,000 Minimum Transaction, 15% on repeat transactions within the Repeat Window) and the optional Refer a Partner and Creator programs |
§11 also says that "Signed agreements are never silently replaced; rates and exceptions in signed agreements are preserved," that from version 2026-10-12 the section 4 reward calculation of that day applied to all referrals, including those submitted earlier, and that the 2026 reward structure "applies to partners who sign that version or a later one"; a partner whose signed Schedule A keeps the earlier rate and cumulative company cap keeps those signed terms under §8 unless an addendum adopting the current structure is signed. It does not say whether the other later changes apply to referrals submitted before them. SourceX decides that.
Version comparison: published terms against a signed Schedule A
| Clause | Published terms, v2026-11-04 | Can a signed Schedule A change it? | What to check |
|---|---|---|---|
| §1 Eligibility | Approved partner account; introduced companies with 50 or more full-time employees at peak; the SourceX Channel Partner Agreement signed before submitting introductions | Not listed in §8 | That your agreement is signed before your first submission |
| §2 Attribution | First valid introduction within the 90-day window, credited when the company submits a verified application; one partner per company; decided from dated records | Not listed in §8 | The date and written evidence of your introduction |
| §3 Duplicates | An earlier application, relationship or valid introduction means no credit for a later partner; a relationship includes any earlier lead, account or email correspondence | Not listed in §8 | Whether the company ever had a lead, an account or an email thread with SourceX |
| §4 Formula and base | On a company's first qualifying transaction, the greater of $50,000 plus 5% and 15% of Actual Supplier Payout; on each further qualifying transaction first agreed within the twelve-month Repeat Window, 15%; the base excludes separately itemized taxes and expense reimbursements, the Partner reward, SourceX's fees and the Acquisition Partner's full transaction price | Yes, the reward formula and calculation base | The formula and base in your Schedule A, if you have one |
| §4 Minimum, floor and cap | No cap on the reward, on the number of qualifying transactions or on total rewards; a transaction qualifies only from USD 100,000 of Actual Supplier Payout unless SourceX agrees in writing; the USD 50,000 floor applies once per referred company and not again for a new agreement, Confirmation, amendment, repeat license or renewal | Yes, the Minimum Transaction, the Repeat Window and any cap | Whether your Schedule A states a cumulative company cap or a different minimum |
| §4 Funding | Paid separately by SourceX, never deducted from the supplier's compensation; any reward shown before supplier payment is an estimate | Not listed in §8 | Treat portal figures as estimates until the company is paid |
| §5 Payment | Deadline 60 calendar days after the later of final written acceptance and completed handoff; also needs the Acquisition Partner's payment in cleared funds, payment of the supplier, finance approval and your payment and tax details | Not listed in §8 | That your tax and payment details are complete |
| §6 Reversals | Reduced if the supplier payout is reduced or reversed, including after payout where permitted by law; a refund or chargeback alone changes nothing | Not listed in §8 | Whether the company's payout was adjusted |
| §8 Precedence | A supplier's Net 60 clause never sets reward timing; the reward formula and conditions are reward terms, not a limit of liability | Governed by the signed agreement | The liability clause of your signed agreement |
| §9 Agreement | One year, renewed only with fresh acceptance and signatures; 30 days' notice; six months' contact protection after it ends; three years' confidentiality, longer for trade secrets | Set by the agreement you sign | The title, term and notice dates in your copy |
The pattern is narrow on purpose: §8 says the reward formula, calculation base, Minimum Transaction, Repeat Window and any cap in a signed Channel Partner Agreement's Schedule A prevail over these terms, so a partner whose signed Schedule A sets a different rate or a cumulative company cap keeps those signed terms. It also says "An expressly agreed, signed addendum may override the relevant provisions," so a partner who signed one should read it against every row.
What the terms leave to SourceX
The terms apply the USD 50,000 floor once "per referred company" and say nothing about corporate groups, so whether a parent company and its subsidiaries count as one company for the floor and the Repeat Window, however many entities license, is for SourceX to decide. Which partner is credited when entities in one group are introduced separately is not settled by the terms either, so SourceX decides it. The same goes for whether one of the later changes in the change log applies to a referral submitted before it. Partial handoffs are settled: §5 says separately approved partial data handoffs qualify separately "only by express written agreement."
A worked example of §4 and §6 together
The reward on a company's first qualifying transaction is always the greater of $50,000 plus 5% and 15% of that transaction's Actual Supplier Payout, with no cap; each further qualifying transaction first agreed within the twelve-month Repeat Window pays 15% of its own Actual Supplier Payout, and the USD 50,000 floor is never applied a second time. After a reduction the affected transaction's reward is recalculated on its reduced payout and any excess already paid is adjusted. A refund alone, without a reduction of the supplier payout, changes nothing.
Illustrative only; not a quote, a forecast or a completed deal.
| Event | Cumulative Actual Supplier Payout | Cumulative reward under the published terms |
|---|---|---|
| Company paid for an accepted handoff, its first qualifying transaction | $400,000 | $70,000 |
| Supplier payout later reduced by agreement | $300,000 | $65,000 |
| Acquisition Partner refund that leaves the supplier payout unchanged | $300,000 | $65,000 |
| A second license with the same company, first agreed inside the Repeat Window, adds $800,000 | $1,100,000 | $185,000 |
| Supplier payout on the second license reduced by $460,000 | $640,000 | $116,000 |
| A further reduction of $240,000 on the second license | $400,000 | $80,000 |
Row one: USD 50,000 plus 5% of $400,000 is $70,000, more than 15% of it ($60,000). Row two recalculates on the reduced total: USD 50,000 plus 5% of $300,000 is $65,000, and the $5,000 excess already paid is adjusted. Row three applies the second sentence of §6. Row four adds a repeat transaction at 15%: $120,000 on $800,000, with no second floor, for $185,000 in all. Row five recalculates the repeat reward: 15% of $340,000 is $51,000. Row six: 15% of the remaining USD 100,000, the Minimum Transaction, is $15,000, and the excess already paid is adjusted. A signed Schedule A could set a different formula, base, minimum, repeat window or cap. Statuses from Estimated to Paid are explained on rewards; see also supplier payout reversals and when a potential reward becomes payable.
How to check which version applies to you
- Read the version stamp. This guide was checked against "Version 2026-11-04 · published 4 Nov 2026" on 2026-11-04. §11 lists what changed by version; anything newer is not covered here.
- Find what you signed. If you signed a Schedule A or an addendum with your SourceX Channel Partner Agreement, its reward formula, base, minimum, repeat window and any cap govern for you. An agreement signed under the earlier title remains in force as signed, and §9 says SourceX offers those partners a signed addendum that adopts the current text.
- Date your introduction and ask about earlier contact. Credit runs from the first valid introduction within 90 days, decided from dated records, and §3 treats any earlier lead, account or email correspondence with SourceX as a relationship. The attribution window guide covers edge cases.
- Have your payment and tax details ready. §5 makes them a payment condition. For a U.S. person, Form W-9 is the IRS form used to give a taxpayer identification number to a payer that must file information returns; foreign persons do not use Form W-9. This is not tax advice.
- Ask in writing if a summary, an email and the terms disagree. The published terms and your signed documents decide; a summary does not.
If you compare several programs, re-run the comparison whenever any program's terms change, using the guide to refreshing a program comparison. The partner role is described in what a referral partner is, and older explainers are in resources.
Which companies qualify under this version?
Introduced companies need 50 or more full-time employees at peak (contractors excluded), a documented operating history, rights to license the records, and a CEO who authorizes the licensing discussion and signs for the company. Companies in the U.S., Canada and the EU qualify, as do companies in the UK, Australia, New Zealand, India, Singapore, South Africa, Latin America, the UAE and Saudi Arabia when at least 70% of the data is in English.
Partners keep discovery at metadata level: which records exist, roughly how many years, which system holds them, who owns them and whether the CEO wants the conversation. Whether buyers want the records, the rights review and any offer to the company remain unknown until SourceX reviews it.
Limits of this guide
This is a reading guide to the published terms, not the terms themselves and not legal or tax advice. Quotations follow version 2026-11-04, checked 2026-11-04. If SourceX publishes a new version, its text governs as §11 describes, and the version stamp is the first thing to check.
Next step
Refer a company. No cap on rewards. Default reward on a company's first qualifying transaction: the greater of $50,000 plus 5% and 15% of Actual Supplier Payout, with no cap; further qualifying transactions first agreed within 12 months of the first Closing pay 15%. Eligibility and payment conditions apply, including the USD 100,000 Minimum Transaction, and a signed Schedule A or addendum can differ. A lead, meeting or signature alone does not trigger payment.
Once you have checked the version and anything you signed, register as a partner, confirm the company against who qualifies, and keep the program terms as the reference for every introduction.