This Referral Partner Agreement ("Agreement") is entered into by and between TimeRich Realty ("Company"), and [Referral Partner's Name], an individual (collectively referred to as the "Parties").

1. Purpose

The purpose of this Agreement is to define the terms and conditions under which the Company will refer potential clients or customers to the Referral Partner, the criteria for a valid referral, reporting requirements, and the compensation structure for such referrals.

2. Referral Services

2.1 The Company shall provide potential clients or customers to the Referral Partner for specific services, as defined by the Referral Partner.

2.2 A valid referral under this Agreement is defined as follows:

- The referral is made in writing and includes the full name, contact information, and specific needs or requirements of the potential client or customer.

- The referred client or customer has not previously engaged with the Referral Partner within the past 12 months.

2.3 The Company retains the sole discretion and right to refer clients or customers to any referral partner within its network, irrespective of the referral partner's current or past interactions with the client or customer.

2.4 This right extends to all phases of client or customer engagement, including but not limited to initial referrals, ongoing services, and renewals.

2.5 The Company's primary objective is to serve the best interests of its clients or customers by providing access to a diverse network of referral partners. As such, the Company may choose to refer clients or customers to different referral partners based on their specific needs and preferences.

2.6 The Referral Partner acknowledges and agrees to cooperate with the Company's client referral process, understanding that the Company's priority is to provide comprehensive and tailored solutions to its clients or customers.

3. Compensation and Payment

3.1 The Referral Partner shall pay the Company for the referral services provided as outlined in this Agreement.

3.2 The referral fee structure is as follows:

For each successful referral resulting in a formal agreement executed between the Company and the referred client or customer within the first 12 months from the effective date of the referral, the Referral Partner shall pay the Company a referral fee equal to an agreed upon flat rate fee or percentage of the total revenue generated by the Referral Partner from that specific client or customer.

In the case where the referral fee is calculated as a percentage, it shall apply to all revenue generated by the Referral Partner from the referred client or customer within the first 12 months, including but not limited to initial transactions, ongoing services, and renewals.

3.3 Referral fee payments by the Referral Partner shall be made within 10 days of the Referral Partner receiving payment from the referred client or customer. The Company will provide a detailed breakdown of the referral fee calculation.

3.4 The Company shall have the sole discretion to determine the payment method and may accept payments via check, electronic funds transfer, or any other method agreed upon by both Parties.

3.5 In the event that the Company does not receive the referral fee as outlined in this Agreement, the Company shall notify the Referral Partner in writing, specifying the details of the missing payment. The Referral Partner agrees to promptly investigate and rectify any payment discrepancies.

3.6 The Parties understand and agree that the referral fee provided under this Agreement shall be applicable to all revenue generated by the Referral Partner from the referred client or customer within the first 12 months, even if such revenue is received by the Referral Partner after the initial 12-month period as a result of formal agreements executed within the first 12 months.

4. Reporting

4.1 The Referral Partner shall provide the Company with regular reports on the status of all referred clients or customers. Reporting shall occur every 30 days from the date of the initial referral.

4.2 The first report is due within 1 week from the effective date of the referral. Subsequent reports are due every 30 days thereafter until the referred client or customer concludes their business with the Referral Partner.

4.3 Each report shall include, at a minimum:

- The names and contact information of all referred clients or customers.

- A summary of the services provided or transactions conducted with each referred client or customer.

- The total revenue generated by the Referral Partner from each referred client or customer during the reporting period.

4.4 Reporting may cease for a referred client or customer once their business with the Referral Partner concludes. However, reporting shall continue for any ongoing referrals until they conclude their business with the Referral Partner.

5. Relationship

5.1 The Parties acknowledge and agree that the Company is an independent contractor and is not an employee, agent, or partner of the Referral Partner.

5.2 The Company shall have no authority to bind the Referral Partner to any agreements or commitments with third parties.

6. Confidentiality

6.1 The Company agrees to maintain the confidentiality of all client or customer information and any proprietary information disclosed by the Referral Partner.

7. Term and Termination

7.1 This Agreement shall commence on the effective date and shall continue until terminated by either Party with written notice.

7.2 Either Party may terminate this Agreement at any time, with or without cause, by providing written notice to the other Party.

8. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of [State].

9. Entire Agreement

This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and representations, whether oral or written.

10. Modification

This Agreement may only be modified in writing and signed by both Parties.