Introducer agreement template

Introducer agreements are a great way to help your business reach more people and increase your market presence.

This guide will explain what introducer agreements are, what they include, and how to make them more efficiently. We also have an introducer agreement template that you can download for free.

What's an introducer agreement?

An introducer agreement is a formal agreement / contract between two parties - usually a business and an introducer. The introducer agrees to introduce the business's products or services to potential customers.

In return, the business pays the introducer a commission for any successful introductions that lead to a sale.

Introducer agreements make it clear what each party is expected to do. They spell out the terms of the relationship, how introductions should be made, any rules or restrictions, and how the introducer will be paid. This makes the process clear and straightforward for everyone involved.

Why do you need an introducer agreement?

The main goal of an introducer agreement is to help your business reach more potential customers through strategic introductions, which often lead to high-quality leads. At the same time, it gives introducers a way to earn money for their networking efforts.

For businesses, introducer agreements can help increase visibility and attract more customers. For introducers, they provide a clear understanding of how and when they will be paid for their services.

Who is responsible for managing introducer agreements?

Managing introducer agreements is usually a joint effort.

The business looking for introductions typically drafts the initial agreement, which outlines what they expect, how introductions should be made, and how the payment structure will work.

The introducer then needs to review, understand, and agree to these terms before they start making introductions.

What's in an introducer agreement template?

While the specifics of an introducer agreement can vary depending on the situation, most introducer agreement templates include the following sections:

• Who's involved: This section identifies the parties entering into the agreement. It usually includes the business looking for introductions (the 'Company') and the person or organization promising to provide introductions (the 'Introducer').
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• How introductions work: This part explains the specifics of the introduction process. It often covers which methods are acceptable, who the introducer should target, and any exclusions.
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• Payment details: This section explains how the introducer will be paid. It includes the commission structure, how it's calculated, and when and how payment will be made.
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• Tracking and reporting: To keep things transparent and avoid disputes, the agreement should explain how introductions will be tracked and reported to the company.
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• Length of agreement: The agreement should clearly state when it starts and what conditions will end it. This could be a specific end date, or it could be tied to certain events, like performance or a breach of contract.
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• Confidentiality: The agreement should include a clause about the introducer's obligation to keep company information confidential.
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• Non-compete clause: Some introducer agreements may include a non-compete clause, which prevents the introducer from working with the company's competitors during the agreement and for a certain period after it ends.
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• Intellectual property: This section explains who owns the rights to any materials created during the introduction process and any restrictions on their use.
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• Dispute resolution: The agreement should explain how any disputes will be handled.

Managing an introducer agreement template

The contract workflow largely depends on how the business approaches introducer agreements and whether they use an introducer agreement template.

For businesses that don't use an introducer agreement template, the process can be a lot of work. It involves writing each contract individually, reviewing it internally, and getting the necessary approvals.

This workload can quickly pile up as the company's network of introducers grows. Before long, legal and commercial teams can find themselves swamped with contract admin work.

How to automate your introducer agreement template

The good news is, it's possible to automate your introducer agreement and cut down on the manual work involved in managing them. by creating them from an introducer agreement template.

Juro's contract management software can help businesses do just that by offering features like:

1. Automated contract templates

Legal or operations teams can create a watertight template in Juro's unique, custom-built contract editor. Business users can then create contracts automatically from this template, using a dynamic form to change key details but otherwise keeping the text the same. This saves countless hours working from scattered drafts and version in Word or Google Docs.

2. Conditional logic

‍Juro users can automatically apply certain conditions to an introducer agreement based on the data in the contract. This eliminates the need to manually create separate introducer agreement templates for each individual introducer.

3. CRM platform integrations

Juro can integrate with CRM platforms like Salesforce, HubSpot or Pipedrive, making it possible to directly pull data from introducer profiles into contract smartfields and eliminating the need for manual data entry.

4. Real-time negotiation

Juro's contract negotiation features allow introducers to add comments and redlines to introducer agreements in real-time. No more moving between files or tools: collaborate in one unified workspace.

‍5. Native eSignature functionality

Introducers can sign introducer agreements as soon as they've read and received them. This is made possible through mobile-responsive eSignature functionality that enables parties to sign on the go.

Automate introducer agreements with Juro

If you're looking for a fast and efficient way to generate introducer agreements without inviting legal risk, Juro's contract management solution is a great option.

Hit the button below to book your personalized demo of the tool.