Terms and Conditions of Lead Referral and Acceptance Sample Clauses

Terms and Conditions of Lead Referral and Acceptance. 3.1. Partner’s Identification and Referral of Leads. Title 3.1.1. Partner agrees to use commercially reasonable efforts to refer Leads to NetSuite from Partner’s Territory whom, in Partner’s sole opinion, Partner identifies as potential customers for NetSuite. 3.1.2. Partner acknowledges and agrees that in order for a Lead to qualify as a Commissionable Lead, the following must have occurred: (i) Partner must have Actively Participated in the introduction of the Lead to a NetSuite sales contact; and (ii) Partner must have timely documented the introduction of the Lead on a NetSuite Lead Form (“NLF”) and must have submitted the completed NLF to NetSuite for review; and (iii) NetSuite must have reviewed Partner’s NLF and accepted the Lead as commissionable (i.e., not rejected the Lead for any of the reasons stated in Section 3.1.3. below, or otherwise); and (iv) Partner must have continued to Actively Participate in supporting NetSuite in the sales process with said Lead. 3.1.3. Partner acknowledges and agrees that no commission will be paid to Partner by NetSuite to Partner for the referral of a Lead: (i) that was an existing customer of NetSuite’s at the time of the referral; or (ii) with whom NetSuite was already involved in preliminary or advanced discussions relating toward the sale of a license to Lead (as of the date of the NLF); or (iii) for whom a NLF (or similar document) has previously been submitted to NetSuite by Partner or any other third party; or (iv) which occurred more than ninety 90 days prior to the Notification Date; unless extended in writing by NetSuite; or (v) for whom Partner did not Actively Participate in the development and/or solicitation of the Lead. 3.1.4. Partner acknowledges and agrees that it shall be solely responsible for and shall bear all costs associated with Partner’s development of any Leads for referral to NetSuite.
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Terms and Conditions of Lead Referral and Acceptance 
Sample 1

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