Partnership Terms & Conditions
DEFINITIONS
“Quotes4Charity” means Quotes4Charity Community Interest Company, Company No 5687297 whose registered address is 34 Kestrel Ave, Herne Hill, London, SE24 9LX
“Partner” or “Introducer” means organisation that introduces client’s to Quotes4Charity’s services and products.
“Client” means individual who uses Quotes4Charity products and services.
“Nett fees” means income received net of deductions payable to third party suppliers of goods and services.
Mutual Obligations
Quotes4Charity CIC and the Partner each shall:
- Comply with all laws in the conduct of business
- Not do or omit to do anything which may bring Quotes4Charity CIC or the Partner into disrepute;
- Obtain and maintain all authorisations necessary for the conduct of business and comply in all respects with such authorisations;
- Permit examination of relevant documents and records by, and provide oral or written explanations and other reasonable assistance at any reasonable time to, representatives of any authority or organisation to which they are subject.
- Co-operate fully in the investigation and resolution of any complaints from clients.
Roles / Responsibilities
Quotes4Charity CIC shall:
Act for clients introduced by [Partner Name] for the purpose of providing advice and services, either governed by the Financial Services and Markets Act 2000 or other activities available from within Quotes4Charity CIC of which fall under other regulation.
Deal directly with the Client and take instructions directly from them rather than the introducing partner.
Provide clients with relevant disclosure documentation and operate within the requirements of the Financial Services and Markets Act 2000 or other appropriate governing body and/or regulation.
Quotes4Charity CIC will promote its trade names, trade marks and products and provide the Introducer and Client with access to appropriate areas of the Quotes4CharityCIC web site.
Quotes4Charity CIC shall not:
Quotes4Charity CIC undertakes that it will not solicit or seek to entice away from the Introducer any Client for the purpose of doing business of the same or a similar nature to the business which the Introducer provides to the Client.
Clients referred to Quotes4Charity CIC and subsequent business transacted will result in the client becoming a Quotes4Charity CIC client. As such Quotes4Charity CIC accepts and retains the liability for any advice given.
Partner shall not:
Offer financial advice to clients, whether specific or generic, governed by the Financial Services and Markets Act 2000 or other appropriate governing body and/or specific regulation of which may apply at any time.
Propose or purport to offer financial advice given by Quotes4Charity CIC or make statements represented as those of Quotes4Charity CIC.
Advertise an ability to provide financial advice where it is not clear that the advice is provided by Quotes4Charity CIC or it’s partners.
Partner shall:
Provide contact details of those clients who have expressed a wish to discuss products and services available from within the Quotes4Charity CIC, who are aware that a consultant from Quotes4Charity CIC will be contacting them in this respect.
Undertake to work within the published Regulations controlling the conduct of formal introducers, as varied from time to time by the Regulators of Quotes4Charity , including but not limited to any FSA regulations as may be in force from time to time.
Undertake to repay introductory commission received from Quotes4Charity CIC, where they have suffered a claw-back of commission relating to clients introduced by Partner inaccordance with Remuneration clause A
Firstly obtain the approval of Quotes4Charity CIC when promoting the services or products of Quotes4Charity CIC in any format or media, or the use of the Quotes4Charity CIC trade name, trade marks or products names.
Remuneration
Quotes4Charity CIC shall pay 85% of the total charity donation to the appropriate charity in recognition of Clients introduction to Quotes4Charity CIC.
Partnerships are available on:
a) Non-Indemnity basis: we will pay the relevant proportion of the full commission on a monthly basis over the full earnings period, thereby avoiding potential clawbacks.
Mortgage commissions are generally paid in full upon completion of the mortgage transaction. Other policies however, such as some life cover policies, pay the commission over an ‘earnings period’, which can be as long as 4 years. To avoid confusion and potential clawbacks, Quotes4Charity intends to forward payments monthly only when they are free from potential clawback. If you feel your charity may benefit from arranging a Indemnity arrangement, we are happy to draw up an arrangement to incorporate your wishes.
The fees become due to the Introducer from Quotes4Charity CIC on completion of business for an introduced Client and confirmation from the introduced client. The fees become payable to the Introducer by Quotes4Charity CIC within 31 days of receipt of cleared funds by Quotes4Charity CIC from the relevant Financial Services provider in respect of the business carried out for the Client. Quotes4Charity CIC shall be under no obligation to make any payment to the Introducer until Quotes4Charity CIC has received the fees or commission from the relevant third party.
a) If Quotes4Charity CIC becomes liable to repay or account for any of the fees which it has received from a third party in respect of business carried out for a Client, the Introducer shall repay to Quotes4Charity within 14 days of receipt of written notification the relevant percentage of the fees received by the Introducer from Quotes4Charity CIC.
Following written notification to the Introducer, Quotes4Charity reserves the right to deduct from any Fees due and payable to the Introducer any amount repayable to Quotes4Charity CIC by the Introducer under clause a) above.
Fees paid to the Introducer are deemed inclusive of VAT.
Nett fees are deemed to be income received net of any costs to third party providers, i.e. regulatory costs.
Marketing
Once partnership status has been confirmed, our Partnerwill be able to utilise appropriate marketing material from Quotes4Charity CIC, for use within their premises and for external mailings
Service Standards
Service standards are paramount within Quotes4Charity CIC.
The Quotes4Charity CIC adviser will contact any introduction from [partner Name]as documented in the Quotes4Charity CIC service standards which may change from time to time.
Feedback will be provided to the partner confirming the result of the initial introduction within a time documented in the Quotes4Charity CIC service standards which may change from time to time.
Confidentiality
Confidential Information means all information (including oral and visual information and all information recorded in writing or electronically or in any other medium or by any other method) concerning the operations, processes, plans, intentions, trade secrets, market opportunities, customers and business affairs of Quotes4Charity CIC or the Introducer or a Client.
Quotes4Charity CIC will treat any information relating to the clients and professional firms in strict confidence and will not disclose such information to any other person other than its staff or as may be required in order to transact business.
CCL & DATA Protection
The Partner is strongly advised to hold up to date Consumer Credit and Data Protection licences. Failure to hold these licences may result in a penalty from either The Office of Fair Trading or the Information Commissioner.
[Partner Name]will treat with strict confidence any information of a confidential nature relating to Quotes4Charity CIC and will not disclose such information to any other person, either during the currency of this agreement or after its termination.
Business Reviews
Business reviews will be undertaken at regular intervals, by mutual agreement, in order to review key deliverables.
Term of the Agreement / Notice Period
It is agreed that this arrangement will run for a fixed period of 24months, subject at that time to a review and possible renewal. It is further agreed the Introducing Partner will not enter into a similar agreement whilst the agreement is in place.
It is agreed that this arrangement can be terminated by either party with 30 days notice. Termination must be provided in writing.
Termination of this Agreement for any reason shall not bring to an end:
a) The confidentiality obligations on the parties hereto;
b) Quotes4Charity CIC obligations to pay sums which have accrued due and payable prior to the date of termination.
c) The Partner’s liabilities in Remuneration clause a).
The rights set out in this clause shall be without prejudice to any other right or remedy of either party.
Upon termination the Introducer shall immediately cease to use in any way whatsoever all of the Quotes4Charity CIC trade names, trade marks and product names and refrain from any action that may indicate any relationship between it and Quotes4Charity CIC.
Staffing
It is further agreed that any consultant, either employed or self employed, placed within this agreement, covering or receiving introductions from [Introducer Name], would not be encouraged, recruited or enticed to conduct business directly between themselves and [Partner Name]within a period of 24 months after cessation of any association between the consultant and Quotes4Charity CIC or having conducted business with [Partner Name]on behalf of Quotes4Charity CIC.
You will be allocated a Quotes4Charity CIC Consultant shortly . Should for any reason they not be available, your secondary point of contact will be Geraldine Mulkerrin
This Agreement shall be subject to the Laws of England.
Please click where appropriate on the partner application form to confirm that you have read and understood the terms of the above, and agree to abide by the terms and conditions therein.