SourceFunding.org Trustee Referral Commission

 

Last Revised: February 2018

1. LEAD NOMINATION FORMS:

Submission of a quality lead ("Quality Lead") by a Trustee will be made through submission of a completed form ("Lead Nomination Form"), so that SourceFunding.org may contact the prospective client and proceed with discussions. A “Quality Lead” is defined as a lead where the prospective client is responsive to discussion once contacted by SourceFunding.org, and discussions result in the the prospective client becoming a SourceFunding.org client within 30 days of the date on the Lead Nomination Form, and the prospective client receiving financing with the assistance of SourceFunding.org within 60 days of the date of the Lead Nomination Form. Trustee Referral bonuses made after the timelines indicated above are at the sole discretion of SourceFunding.org.

Lead Nomination Forms must be submitted at least twenty four (24) hours prior to the date of a lead becoming a SourceFunding.org client to be eligible for consideration. SourceFunding.org will evaluate the qualifications of the Lead and will notify the Trustee in writing or via email of its intent to accept or to reject such Lead Nomination Form. Once accepted, the Lead Nomination Form will be valid in keeping with the timelines set forth above. Lead Nomination Forms submitted for prospective clients whom SourceFunding.org has been working with, or is in any discussions, or has had any contact with prior to receipt of the Lead, will normally be rejected. SourceFunding.org shall have the exclusive right to accept or reject any Lead and will communicate directly with a Lead unless otherwise agreed to in advance.

2. REFERRAL COMMISSION:

Where SourceFunding.org has accepted a Lead referred by the Trustee that results in a Qualifying Contract, a Referral Commission of five percent (5%) of the Revenue up to $2,000 will be due to the Trustee upon receipt of revenues. "Qualifying Contract" means the FIRST contract for financing secured by the Lead with the assistance of SourceFunding.org services. "Revenue" means non-refundable gross fees for services received by SourceFunding.org as part of the Qualifying Contract. Revenue does not include revenues from reimbursed expenses. Referral Commissions will be paid to Trustee within thirty (30) days after the Revenue has been received by SourceFunding.org.

SourceFunding.org may delay payment of any or all of the Referral Commission if SourceFunding.org believes that the related client may demand or be entitled to any adjustment, refund, or credit in relation to that Revenue. Any Referral Commission paid will be refunded to SourceFunding.org by the Trustee in the event that the Revenue receipts upon which the Referral Commission was paid become the subject of an adjustment, refund or credit. In cases where only a portion of the original Revenue receipt is subject to adjustment, Trustee is only required to refund the corresponding pro rata portion of the Referral Commission to SourceFunding.org.

3. CONFIDENTIALITY AND PUBLICITY:

Trustee agrees to be bound for the SourceFunding.org Confidentiality & Non-Disclosure Agreement, Terms of Use, and E-sign Agreement, which will cover all aspects of the relationship between SourceFunding.org and the Trustee, including but not limited to the terms of this Referral Commission Agreement and the Referral Commission itself. Furthermore, Trustee agrees that SourceFunding.org may, in its sole discretion, list Trustee as such in SourceFunding.org materials and on the SourceFunding.org website.