Referral Agreement Artiris LLC
1. Purpose
The Company specializes in Iris Photography and seeks to expand its client base. The Affiliate, possessing relevant networks or contacts, agrees to refer potential clients/customers to the Company.
2. Referral Arrangement
Upon the Effective Date, the Affiliate may refer potential clients/customers to the Company. The Company agrees to compensate the Affiliate for valid referrals as outlined in Section 3.
3. Compensation
– Successful Referrals: The Referring Party will receive $20 for each individual referred who completes a successful transaction with the Recipient Party. A successful transaction is defined as the referred individual becoming a paying client/customer of the Recipient Party.
– Unsuccessful Referrals: The Affiliate will not receive $20 for each valid, yet unsuccessful referral, where a valid referral meets the criteria in Section 1 but does not result in a client/customer for reasons beyond the control of the Company.
– Payment Timeline: Payments will be made within thirty (30) days of the referral being marked as complete by resulting by a transaction.
4. Term
This Agreement begins on the Effective Date and will remain in effect solely for the purpose of processing and compensating the specific referrals made by the Referring Party under this Agreement. Once all referrals have been evaluated and compensation paid as outlined in Section 3, this Agreement will automatically terminate without the need for further notice by either Party.
5. Confidentiality
The Affiliate agrees to maintain the confidentiality of proprietary information shared by the Company. This obligation remains in effect even after the Agreement is terminated.
6. Termination
Once all referrals have been evaluated and compensation paid as outlined in Section 3, this Agreement will automatically terminate without the need for further notice by either Party. Upon termination, the Company will compensate the Affiliate for any outstanding referral payments due for valid referrals made before the termination date.
7. Representations and Warranties
Both Parties warrant that they are authorized to enter this Agreement and that the Agreement does not infringe on the rights of any third party or violate any law.
8. Indemnity
Each Party agrees to indemnify and hold the other harmless against losses or damages arising from its negligence or breach of this Agreement.
9. Limitation of Liability
Neither Party will be liable for indirect damages, such as lost revenue, resulting from this Agreement unless caused by negligence or breach.
10. Disclaimer of Warranties
The Affiliate makes no guarantee that referrals will result in additional business, profits, or other outcomes desired by the Company.
11. Severability
If any provision of this Agreement is deemed invalid, the remainder will remain in effect.
12. Waiver
Failure to enforce any provision does not constitute a waiver of future enforcement rights.
13. Legal Fees
The prevailing Party in any legal action related to this Agreement is entitled to recover its legal costs, including attorney fees.
14. Legal and Binding Agreement
This Agreement is binding and enforceable in the United States and Europe. Both Parties represent they have the authority to enter into this Agreement.
15. Governing Law and Jurisdiction
This Agreement shall be governed by the laws of North Carolina State USA.
16. Entire Agreement
This document represents the complete Agreement. Modifications must be made in writing and signed by both Parties.