What is a referral fee agreement?

What it is

A referral fee agreement puts the referral arrangement in writing: the reward amount or percentage, what counts as a qualifying referral, when payment is due, and how long the referrer''s claim on an introduction lasts.

The clauses that matter most

• The reward — a fixed fee or a percentage, stated exactly.
• The trigger — what must happen before anything is owed. Vague triggers cause disputes.
• Attribution — how the introduction is recorded and how long credit lasts.
• Exclusions — companies already in conversation, existing customers, and duplicates.

How SourceX handles this

SourceX partners accept published terms rather than negotiating individual contracts. The terms set the reward — 25% of the fee SourceX actually collects, capped at $100,000 per referred company — and the trigger: payment only after the referred company completes a deal and SourceX receives its fee. Every introduction is recorded with a timestamp and visible status.

A practical note

Referral fee agreements in regulated professions (law, medicine, financial advice) follow separate rules. This page is about ordinary business introductions.

Read the SourceX terms · Join as an introducer