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We came to Amerisource on our consultant's advice, and you responded quickly with a line of credit - allowing us to fund our very first payroll.
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| Broker
Agreement/Licensing Agreement |
| 1. |
Amerisource
agrees to pay Broker a percentage of the total net fees earned by Amerisource
from the referred client based on invoices actually paid for the
life of the Factoring Agreement with the referred client so
long as Broker maintains status as an Active Broker. To maintain
Active Broker status, Broker is required to refer Amerisource at
least one funded deal in each calendar year. |
| 2. |
Referral
fees are paid by the 10th of the month following the full calendar
month for which such fee calculation is made. |
| 3. |
It
is understood that you are not an agent, employee or representative
of Amerisource or any of its affiliates and have no authority to
represent yourself as such in any manner. |
| 4. |
Your
referral must be based upon your having personal contact with the
prospect and must be received in writing by us prior to our having
had personal contact with such prospect. Your referral becomes
effective as soon as Amerisource receives the basic Credit Application
and accompanying information. This is subject to review on
a case-by-case basis. |
| 5. |
In
the event of litigation between us regarding this agreement, the
laws of the State of Texas shall apply and venue shall be Harris
County, Texas. The prevailing party shall be entitled to recover
reasonable attorney's fees, court cost and expenses of litigation. |
| 6. |
You
will not concurrently refer a prospect to Amerisource and other
factoring companies. Further, upon submitting a prospect to
Amerisource, you will notify Amerisource of all known finance companies
who have previously reviewed the prospect. |
| 7. |
Amerisource
will cease payment of referral fees to Broker for a referred client
if an event of default has occurred with such client's account at
Amerisource. |
| 8. |
This
agreement may be modified or amended only in writing signed by both
parties. |
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